As a venture capitalist, you need to ask the inventors some questions to make sure you’re putting your money in the right place Here are the questions Q1 So what’s your business all about? Q2 What makes your invention unique? (=What is your unique selling point?) Q3 Why would someone need your invention? Q4 Are there similar products on the market? Q5 How much money you need, and how would you spend it? Q6 What could be potential shortcomings of this idea? The competing inventions: Foldable bicycle Airbag for the elderly Lip straw Butter stick Dog spyhole Sponge mic Task You and your partners are investors, and you want to invest money into start-up companies You are meeting venture capitalists today Decide who you are going to give the biggest sum of money, who to give he second biggest sum, and so on The venture capitalists are going to ask you some questions Think about them before the meeting to be prepared Use your imagination freely Q1 So what’s your business all about? Q2 What makes your invention unique? (=What is your unique selling point?) Q3 Why would someone need your invention? Q4 Are there similar products on the market? Q5 How much money you need, and how would you spend it? Q6 What could be potential shortcomings of this idea? The competing inventions: Foldable bicycle Airbag for the elderly Lip straw 10 Butter stick 11 Dog spyhole 12 Sponge mic Task You and your partner are inventors, and you need money to mass produce and market your product Along with five other inventors you are meeting venture capitalists today Convince the investor to choose to invest into your invention