From my successful experiences, here
are the three must haves:
1. Team
You ever hear the saying, “we don't bet
on the horse, we bet on the jockey”? It's a mantra for most sophisticated
investors around the world. For some investors, team is the single
most important factor they consider when placing their capital. Do not confuse
that with previous success as there are plenty of inexperienced entrepreneurs
that get funded. However, you need to be able to articulate why you are the
right team for this opportunity to accomplish your vision. Assembling the right team for your
mission will be a testament of your ability to lead, influence and enroll
people into your vision. Don't underestimate the power of the right team.