The funny video below was posted on 5min.com, the Israeli life videopedia that aggregates thousands of ‘how to’ videos, and will likely be on every Israeli Venture Capital blog very soon as a ‘warning’ sign. Techcrunch also thought it was worthy of a post.
It’s a parody in Hebrew that provides entrepreneurs with tips on raising VC capital. The subtitles don’t do the humor much justice, but it’s certainly worth your 5 minutes. I put together the translation for you.
Here are the five rules for raising a VC round, according to the ‘expert’ in the video:
- In the presentation, have a logo of a different fund. VCs love to invest in companies that others are invested in.
- Be Cool – VCs are serious, but you should be part of the vibe. You are the vibe – the vibe is you.
- Say you are not a Web2.0 company – go against the current trend and use buzz words fast: UGC, P2P, CPC, and anything you can come up with. Try not to be comprehended.
- Make Excel your best friend. Refer to revenue as the fulfillment of a vision, not profits.
- Have clear goals – for example, repeat the mantra “8 million, on 68 million before the money”.
View the rest here: