Many venture capitalists have an intention of identifying the businesses with high potential and buy a share in them. They always give the startup funds in exchange for a fraction of the pie. In such cases, the entrepreneurs will want the deal, for they cannot think of walking alone on this journey.
However, they need to think deeply about the situation at hand and make informed decisions. It is because not all venture capitalists bring good luck to your business. Some may end up being a burden to your effort. Also, it is said that some may purchase your business because it was a threat to an existing business. After that, they become reluctant and frustrate the business. Learn more about Marc Sparks: https://disqus.com/by/marcsparks/
Over the years, venture capitalists have been the kingmakers. They were regarded as the people that could propel you into stardom and make you a billionaire. However, since many governments are keen on reducing unemployment by empowering self-employment, cheap sources of funds have been availed.
One would prefer to take a loan and improve the business instead of giving away 40 percent. It is a decision that the owners of the startup have to consider keenly. There are cases when people took loans to establish a business, and it fails. Contrary to a venture capitalist, you will need to pay the loan as stipulated earlier.
According to Angel.co, Marc Sparks was raised in Pittsburgh. Since childhood, he was known to be an epic entrepreneur who wanted to cultivate his art of making money. It was noted that he liked to share his success with others. Since then, he has supported different courses in the world. All his businesses entertain corporate social responsibility, and he has taken it a notch higher. Marc has started a program that supports the young entrepreneurs.
In the program, Spark Tank, Marc Sparks gives substantive training to the chosen ones. They are taken through the full cycle of business development and are needed to learn from each point. While learning, the program entertains objective discussion and criticism.
The candidates learn business skills that are specific to marketing and advertising. Also, they are taught on designing business models. They understand the models that work in each part of the world. The attractive thing about the program is that it is an eye opener. It gives the trainees a global perspective to business.
The rules laid down in the program have been an eye opener to fellow venture capitalists. The program is not meant to make money but to help others. Also, Marc Sparks takes the time to interact with the trainees. It significantly impacts the candidates, for they gain self-confidence. Additionally, they can ask questions and get answers on the spot. It is a rare opportunity.