Executive Director of Azione Capital, Mr. Dennis Phua, was interviewed by ZDNet on his views on what startup founders need and are looking for.
“Dennis Phua, executive director at Azione Capital, another VC firm, pointed out that a startup needs the “necessary connections and expertise” to execute their business. Hence, venture capitalists will frequently offer their own input, so the startup must be able to accept changes and work beyond their original business plan”, he explained in his e-mail.
Venture capitalists, said Phua, also note the capital efficiency of a startup because they prefer “lean and focused teams”.”
Adapted from ZDNet.com. For the full published article, please visit http://www.zdnet.com/tech-startups-want-right-fit-with-investors-2062300271/ . ZDNet brings together the reach of global and the depth of local, delivering 24/7 news coverage and analysis on the trends, technologies and opportunities that matter to IT professionals and decision makers.