風投公司披露“內部運營手冊”
????4. 簡化推介書 ????一次產品演示要比演示文稿(PPT)有用50倍。一個是對事物的描述,另一個則是這個事物本身。產品是我們的食物;為我們提供給養……我們不喜歡讓創業者花大量時間來制作演示文稿。如果看到一份演示文稿的名稱含有“第36版”的字樣,我們會受到驚嚇。 ????我們喜歡的東西沒有固定的模式,但我們可能會用2-5分鐘來看推介書,然后決定是否和這家公司見面。那樣的演示文稿有多少頁呢?要看情況而定,但如果你需要20頁內容詳盡的演示文稿來講述自己的故事,那就意味著你的故事需要修改。在我們投資的公司中,約有五分之一的公司在獲得投資前根本就沒有拿出推介書——通常是因為它們的產品本身已經很能說明問題,或者我們對這個團隊或這個行業非常熟悉,所以不需要推介書。 ????5. 人們對你有何評價? ????我們極端信任參考信息,對于那些開誠布公、毫不掩飾地和我們分享其觀點的朋友、同事以及合伙人,我們都欠他們一個人情。我們會設法避開那些毫無意義的問題(比如“他們的優勢和弱點在哪里?”)。相反,我們重點關注的東西能幫助我們決定是否為創業者提供支持,這些問題包括: ????? 他和你認識的其他創業者相比怎么樣?排名前10%?5%?1%? ????? 哪些東西讓你相信他與眾不同? ????? 如果你是我們,而且你決定對這家公司投資,你覺得他在哪些方面最需要幫助? ????我們會盡可能多的尋找參考信息。 ????---------------------------- ????不知道其他風投公司是不是也有類似的內部文件;如果有的話,不知道它們會不會也在網上公布這些文件,這是一件很有意思的事。(財富中文網) ????譯者:Charlie? |
????4. Sweep the deck ????A demo is 50 times more useful than slides. One is a description of a thing, the other is the thing itself. Product is our sustenance; feed us... We don't like the idea of entrepreneurs spending lots of time making presentations. When we see "v36" in the filename of a presentation, it terrifies us. ????There is no standard format we like, but we probably spend 2-5 minutes reading a deck when we are deciding whether to meet a company. How many slides? Depends, but if you need 20 detailed pages to tell your story, your story needs work. In roughly one-fifth of our portfolio companies, we never saw a deck before investing -- usually because the product spoke so loudly for itself, or we knew the team and business so well we didn't need a deck. ????5. What are people saying about you? ????We put great faith in the value of reference calls, and we owe a debt to the friends, colleagues, and partners who are willing to share open, unvarnished views. We try to skip nonsense questions ("what are their strengths and weaknesses") and instead focus on things that will help us decide whether to back a founder: ????? How does this person compare to other founders you've known? Top 10%? 5%? 1%? ????? What makes you believe this person is extraordinary? ????? If you were us, and decided to invest in the company, in what areas would you guess this person would need the most help? ????We call as many references as we can find. ????---------------------------- ????It should be interesting to see if other VC firms have similar internal documents and, if so, whether or not they'll post them online. |
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