In the venture-capital process,______ is absolutely essential for preliminary screening.

Question

Quizplus · Accepted Answer

A solid and well-developed business plan is a crucial component of the venture-capital process. It serves as a roadmap for the company's goals, strategies, operations, financial projections, and potential risks and rewards. Venture capitalists typically receive numerous investment proposals, and they rely on the business plan to evaluate the viability, scalability, and attractiveness of the venture. It is important for the plan to be clear, concise, and compelling, highlighting the company's unique value proposition, competitive advantage, and growth potential. While debt financing, sales-orientation, and endowment funds may have some relevance in certain contexts, they are not as central as a business plan in the initial screening stage of venture capital.

In the Venture-Capital Process,______ Is Absolutely Essential for Preliminary Screening