Entrepreneurship can feel like an uphill battle.
This guide for first-time company founders pitching venture capitalists will make it a little easier.
And Patrick McGinnis is the managing director of investment and advisory firm Dirigo Advisors.
And if there's a low-millions ceiling on the revenue your startup can generate or eventual exit price, there's not much incentive for a venture capitalist to write you a check.
In other words, your company may be a "lifestyle startup," which doesn't require venture capital and probably won't ever be worth $1 billion.
Raise capital as late as possible, after you've gotten proof of concept