The evaluation process typically takes place in stages. The four
most common stages follow.
STAGE 1: INITIAL SCREENING
This is a quick review of the basic venture to see if it meets the
VC’s particular interests.
STAGE 2: EVALUATION OF THE BUSINESS PLAN
A detailed reading of the plan is done to evaluate the factors
mentioned earlier.
STAGE 3: ORAL PRESENTATION
The entrepreneur verbally presents the plan to the VC. See Table
8.6 for a thorough understanding of the key elements necessary in
presenting to a VC.