Sourcing Private Venture Capital & Approaching Private Venture Capitalists
Private Venture Capital can be sourced from private investors whom you can find most commonly through your local law firms or your contracted lawyer. You will normally need the services of a lawyer to help you find potential private venture capital investors. It should be mentioned, you should only really ever approach a private venture capital investor if you seriously believe that your idea has scope to be world beating and exponential growth. There is simply no point in requesting the time of private venture capitalist if you don’t have an idea of that magnitude.
You may well: Ask how do I know if I have an idea that will impress or even interest a private venture capitalist? Well the chances are if you are considering the route of private venture capital, you’ve got a pretty sound idea of why you need the capital. The chances are that you have also considered the regular routes of finance such as bank loans, family & friends and so forth but have come back with nothing. A lot of private venture capitalists will listen to you or at least put you through some sort of selection process to consider your idea for investment. If you’re confident in it – give it a go!