23- Ten ‘Lies’ that Venture Capitalists know you are telling them – Chris Benjamin’s perspective

Summary: In this episode of Finance for Startups, we repurpose a podcast episode from Chris Benjamin's podcast series of "The Rogue CFO's Expert Guide to Launching a Startup." In this audio episode, Chris Benjamin looks at ten exaggerations or "lies" that most small business owners or startup partners tell to Venture Capitalists during the presentation to obtain funding. The interesting part of this is that the VCs know you are telling them these exaggerations or "lies" -- and they do not want to hear them. (http://traffic.libsyn.com/fgcastgain/Ten_Lies_to_VCs.jpg) Chris Benjamin, the Rogue CFO, has helped many entrepreneurs in preparing their presentations to the Venture Capitalist firms and Angel Investors. He now gives his own perspectives from his experience of the ten exaggerations told to VCs and why these can lead you to lose credibility-- and your chance for funding-- from the VCs. He then states what you should really say about this matter so that you can stay credible -- and possibly successful. Copyright (c) 2010, Chris Benjamin Consulting, LLC and Matrix Solutions Corporation. All Rights Reserved.