20 Questions for venture capital

[biotech...@gmail.com]

1. What problem does this product solve?

2. How does this solve this problem? Need to solve 100% of the
problem, not
just 90% of it.

3. Who are the end users of this product

4. Who is your revenue-supplying customer? How to satify the ender
users
and the payers.

5. Does this product solve a problem that end-user/revenue supplying
customerr really have?

6. Are you sure it is a product and not just a "feature"?

7. Doess this product fit into the way that people work?

8. Are you too involved in how you build it rather than what you are
building? Concentrate the goal,　technique does not take over what the
end-
user need.

9. Who are the potential partners? Who are the required partners? Hard
to
get banks, hollerwood, cellphone　companies to be parters. Need to
understand the partners. First to get those companies support. Don't
spend
all the times on easy jobs because they are easy.

10. What is the go-to-market strategy? For example, Target a small
group
first. Do things for small　groups who are rich.

11. What is your sustainable competitive advantage? Do you have the
competitive advantage? Can you keep　it?

12. Do you have a time-to-market/first-mover advantage? It is not good
to
be too late or too early. 9　months before the limitation is going to
be
broken is a good timing. Spot the trend.

13. Can you be number 1 or number 2 in this space? Who is the
competitor?
Always assume your competitor is　smarter than you.

14. Is there a team formed/identified with a record of successful
vetures?
Have they done this before?

15. Is there a "soul" of the team that knows where this product and
business
is going for the next few　years?

16. Is anyone on the team insane? Get ride of that person.

17. Are there product/tech/operation barriers to success? Can they be
overcomed?

18. Are there any sale/marketing barriers to success?

19. Are there any legal barriers?

20. Is there an exit strategy? IPO or enough possible acquisition
candidates to make acquisition for a　large amount of money. Not a
living-
dead.