Assuming you are able to find a venture capitalist willing to listen to your proposal:
Use reasonable numbers in your proposed Business Plan. At the same time, you must show that the business is scalable. That is, it can become big enough to attract enough speculative funds.
Remember: Venture capitalists make money by eventually selling their equity interest to the public on a large scale. They think in terms of hundreds of millions in potential profits. The business therefore has to grow fast. In just a few years.
There has to be what venture capitalists call an ”exit strategy.” That is, an eventual public underwriting or IPO., or a sale to a large corporation. The faster the growth the better.
But, at the same time, they would like to see their investment risk be at a minimum.
In the event you get turned down, as you will often be, keep coming back with follow-ups. Few seekers of venture capital are successful with their early attempts. You must be consistent and persistent, to get attention. So stick to these basics and keep trying. Good luck counts.
Note: I have found that venture capitalists are not all brighter than most in the financial community. Those who have made fortunes at what they do mostly stumbled upon the big winners. They have been taking unmerited bows the way lottery winners do when they pick winners. (See my Earl J Weinreb NewsHole® comments).
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