I'm asking this because I'm very determined to start a business, but don't have a clear idea on what to do, and by using this approach I could possibly get some investment if I execute in a high-quality manner.
It depends. If you're thinking you're going to walk-in cold to a VC's office, ask them for money and tell them you don't have a business model and want them to suggest something, they're going to get very annoyed and show you the door right away. VCs evaluate hundreds of proposals a day and they don't have time to waste on ideas that haven't even gotten off the ground.
However, if you develop a personal relationship with a good VC, you'll find that they are very happy to advise you in this area. The key is to be very respectful of their time and expertise.
Good luck.
Answered 10 years ago
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