Question

Describe how do you feel about the post below and why?

Listening to the podcast reaffirmed for me, the plan and thoughts on where CLW Industries is. That is to say that, as stated in previous weeks, CLW Industries is still in the very early stages of development. While we are in talks with an angel investor and mentor, we have yet to build our first facility that will function as our testing site. As explained in the podcast, venture capitalists are usually looking for companies that can already provide proof of concept. Venture capitalists are looking to provide money to those companies that are ready to scale. Unfortunately, CLW Industries is just not at the point that we are ready to scale. However, also mentioned in the podcast, albeit briefly, is the concept of intellectual property. This is the core of what makes CLW Industries what it is going to be.

After listening to podcast, the main area that CLW Industries needs to work on is getting the first facility open and profitable. To get to that point, we are working closely with our Angel Investor and mentor to ensure that all of the administrative work is completed. This includes any policies and procedures as well as any permits and licensures that CLW Industries will need to be a successful business. As we get closer to finishing the administrative and legal leg work. We can open the test facility and achieve that last step and be ready for scaling.

Probably that best piece of advice from the podcast was those items that venture capitalists look for in companies that they decide to invest in. What was not surprising and was what I had found to be true early in the course, is the fact that venture capitalists rarely invest in start-up companies or early stage companies. However, it is good to know as an entrepreneur those items that are required by most venture capitalists so that the entrepreneur can be working on those items and be ready when their company is ready to scale. Of course the other piece of advice from the pod cast that I found to be extremely vital is that the entrepreneur must be willing to sell the business at some point so that the venture capitalist can make back the amount of profits that they are expecting.

Answer 1

The given article is all about the starting of new venture CLW. It is stated that CLW is still lacking any permanent facility and does not have any detailed scale plan and proof of concept which are the prerequisites of venture capitalists to finance any startup. Thus CLW is working had to get these things done to get some investment and financing. It is important for CLW to lay down the policies and procedures as well as applying for any permits and licensures and once administrative and legal leg work are done, they can focus on having their own facility and scaling.

This article is very important for those companies or individuals who are looking for the venture capitalist to invest in their start ups or concepts. Thus they should have these conditions to fulfil so that they can have the financing without any hurdle