Can you guess the number-one thing that draws in venture capitalists?
How about the number-two or number-three most important elements? Some might think that it's the product, the founder's track record, or some other factor. But when Christian Nagel, a managing partner at Earlybird Venture Capital, examines a new company, he is looking for one specific thing.
“Top one, two and three are the team!” he told Benzinga.
What's the fourth thing Nagel wants from a startup? “[It] should be a significant disruption/improvement of markets – no marginal innovation,” he insisted. Other things he looks for:
Market News and Data brought to you by Benzinga APIs- “Should be very product centric/unique and the team should reflect this.”
- “Model should be sticky/provide for lock-in through network effects and/or a highly engaged user base.”
- “Market size should be in the billions.”
- “Capital efficiency: can it be scaled efficiently.”
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: EntrepreneurshipSuccess StoriesStartupsTechGeneral90LiveAnteUpChristian NagelEarlybird Venture CapitalPetVegas
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