Assignment 16. 2001
XYZ AG / Software house
Business angel, finance manager
Create a business plan, seed financing
It was quite ambitious to look for seed capital at a time when venture-capital and private equity companies were investing only in growth financing, due to their bad experience with seed capital. The software was a niche product that only made sense for large businesses. The originator had developed a prototype of the software but had no business plan, no market data, no financial figures, and no access to venture-capital companies. We started by producing a business plan and then sought and found potential investors.