Abstract

This Commentary looks at the experience of being a panellist at an Investor Summit in Australia, in which up-and-coming entrepreneurs gave a in 5-minute presentation of their business and investment opportunities to a panel of venture capitalists (VCs), investment bankers and deal makers. One of the biggest problems found was that the presenters did not understand who the panellists really were, and what they really needed from the presentations. Also, the majority of those presenting had businesses too early for seed capital, and were urged to go back to their companies and continue to get government or research/university funding. But there was no doubt that some of the presenters had something going for them. Some of the more successful budding entrepreneurs, besides having a strong commercial case and a clear business vision backed up with a realistic business plan, had another important ingredient, and probably one more crucial than anything else #8211; pure passion and determination #8211; an indication of future success!

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