Startups with high growth potential spend money faster than they can make it, which means early stage founders have to put a lot of time and effort into seeking finance. Every year thousands of entrepreneurs turn to venture capital (VC) firms, yet raising money from VCs is a challenging process and the odds of success are very low. "But if it provides any consolation, it's often as hard for VCs to say "no" as it is for founders to hear it," says Kjartan Rist. Here, he shares the reasons a VC may turn you down together with some top tips for improving your chances of getting a "yes."
Image credit: Piotr Łohunko / stock.tookapic.com/plo
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