FREE online courses on Venture Capital Funding - Major Sections of a Business Proposal - Conflicts of interest

 

Describe any potential conflicts of interest, such as a director who is also the owner of one your supplier or director or owner of any other companies in similar business. Describe any transactions with the management in which it has sold something to the company for a price that may or may not be reasonable.

 

If you do not reveal conflicts of interest and the Venture Capitalist uncovers them, you lose credibility instantly. It is better to meet this problem head on and reveal it to the Venture Capitalist at the outset. Show how the company is better off by being involved in a potentially conflicting situation than it would be otherwise.