Jay Jamison, a Partner at BlueRun Ventures, has posted an interesting analysis on TechCrunch called "The Anatomy Of A Pass, A Quantitative Analysis On Why A VC Passes." Jamison analyzed over 200 pitches he saw and rated each company on a five point scale based on Traction; Market; Team; Product; and Likelihood of Receiving a Term Sheet. He then ran a regression analysis and found that Team and Market are by far the most important factors in a company receiving a term sheet from BlueRun. This makes sense to me as most early stage investors focus on team and markets. He then finds that Traction is the next more important factor, and much more important than than Product (at least in his equation). It's an interesting analysis and worth a read. Here's a link to the article: http://techcrunch.com/2012/06/24/the-anatomy-of-a-pass-a-quantitative-analysis-on-why-a-vc-passes/
Also, I encourage you to read his scoring rubric for Team, Market, Traction, Product, and Term Sheet, which can be found here. Here's the link:
http://jayjamison.com/2012/06/05/support-info-for-anatomy-of-a-pass/
Also, I encourage you to read his scoring rubric for Team, Market, Traction, Product, and Term Sheet, which can be found here. Here's the link:
http://jayjamison.com/2012/06/05/support-info-for-anatomy-of-a-pass/
