Jensen Huang: āVCs donāt invest in business plansā Jensen Huang, NVIDIAās founder, shares powerful advice on raising venture capital. He says: "VCs donāt invest in business plansāthey invest in people they trust." This means your reputation and past work matter more than a fancy pitch. For example, Sequoia invested in NVIDIA because Jensen had proven himself by working with successful people like Andy Bechtolsheim, the founder of Sun Microsystems. Jensen also says your vision should be big enough. If investors put $10 million into your business, the market needs to be much bigger than $20 million for them to make a profit. But the most important thing is having a great team. Businesses often need to change direction, and only strong, talented people can handle that. So, focus on building trust, a good reputation, and a team that can succeed, no matter what challenges come your way.
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