What is the eTeamTool?
We have an issue. There isn’t any standard technique for conducting due diligence on an entrepreneur team (such as non-execs) before investment.
Equally, most entrepreneurs’ business ideas lack any significant evaluation of the management group.
When the entrepreneur seeks investment this weakness in the funding proposal often turns into the main barrier to raising money simply because there is no independent or regular method for conducting because of diligence around the team other than to ‘trust’ the gut instincts of an experienced VC.
In today’s company environment numerous investment decisions are created by non-professional investors – with out entry to skilled and wise VCs.
These investment choices may be internal SME or enterprise investment decisions. Or, the decision may be made by a group of individuals acting as company angels, or by business incubators deciding to invest time and resources on its tenants.
Lastly, the entrepreneur him or herself will probably be making investment choices around not only their time and money but also the abilities, personalities and contributions of their possible investors, board members and potential non-exec directors.
Yes, an entrepreneur’s product or services might be nicely recognized, and the finances and investment potential may be obviously explained, but have you ever noticed a convincing business offer that fails to effectively cope with the management group?
But how does the entrepreneurial management team get assessed?
Until now, the choice about the people – frequently quoted as the most important element of any proposal, has come down to a senior manager’s or VC’s gut really feel.
“That’s the bit that we do best” say leading VCs.
But what about the relaxation of us? What about Business Angels or SME company owners, public sector company managers or even profession managers in large corporates? How do we make decisions about who we should back with an entrepreneurial investment?
For much more information about entrepreneur team visit eteamtool.com website.
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