During my years of working at startups and trying to get funding, I have developed a pretty accurate guide on what it takes to raise money. The main reason why some startups are not successful with certain funding entities or organizations is because there is not a "rightness of fit." What that means is unless you have some incredibly compelling reason for someone to invest with you, that they will look for an excuse not to. I can appreciate that one of your founders may be a friend of one of the potential funding organization’s partners, but unless you are talking directly to the guy or gal who makes the decision to fund or not, you are just wasting time with a gatekeeper, and gatekeepers do not go outside their comfort zone. In addition, too many companies shop their business plans around too much. Yes, maybe you will get lucky, but in between, you are going to get rejected by lots of VCs. The one major potential downside is that the word gets out that your company is ...
How to make huge gains by being able to forecast the future that has already happened