No, i'm not telling you how to get the fund. I'm asking to anybody of you which have a deal with Sequoia or other Venture Capital. Let say I'm having a great idea to turn into reality, how do I get and entrust them that my idea gonna work? Need some feedback from all of you.
Here are the list of successful applicant (and they really succeed with Sequoia). 51.com AdBrite Asia Media Atom Entertainment AtWeb AutoNavi BillPoint BitComet Comsenz CTS Media Dash Navigation DianPing eGroups Eons ePresence FON Wireless GameFly Google HDT Insider Pages ITA Software Jajah Kayak.com Kontera Link Exchange LinkedIn Market Wire MarketLive Meebo Meraki Networks MotoSport MP3.com Olive Software PayPal Plaxo Plumtree Software PodShow PopularMedia Qihoo Quote.Com RingCentral Searchme.com You can get a list here; http://www.sequoiacap.com/company/
You probably want to stop by Guy Kawasaki's blog at some point and read his suggestions on how to deal with VC's.
Dont they usually come to you? I have only heard of sites that have had these VC's want to invest into them.
The first thing you need to have is an idea that you think people will want to invest in. The second thing is turn it into a business plan. Hire an experienced writer to help you put it together and then you're ready to shop it around for venture capital. Good luck!
Get them to sign an NDA agreement. However, I've worked in the VC industry, as well as with webmasters. I've found that most webmasters are highly scared of getting their idea stolen, because of the nature of the internet. On the internet, there is nothing you can do. When you are dealing with VC's however, they will not generally steal your idea. First of all, if the idea is good enough, they will invest If it is worthless, then they won't. In general VC's are too involved to run a side business on their own. That's the risk that they pass on to. Butterfingers, if you have a truly great idea, raise the money among friends and family. Once you've showed progress, go to angel investors. Maybe after, go to a VC. If you want to go the fast path straight to VC, I can put a nice business plan together for you for $99 Always selling something
Thanks bbcruzer. First of all, I'll ensure my web apps will be used by many and getting it popular. Soon after I can't cope with the resources, I will be looking for angel investor first. I'll be looking for you for a VC business plan submission, if required.