This crossed my mind this afternoon when I was dealing with a case where relationship between the entrepreneur and my venture capital firm has gone sour. In essence, entrepreneurship and venture capital both are businesses of relationships. So there is no other way better than using a typical stages-of-relationship process chain to describe an investment into an entrepreneur’s idea.
So when you are trying to get your idea funded, you are actually trying to get into a relationship with the venture capitalist of your choice, vice versa. Choose wisely.