This is the first question that a venture capitalist should ask when getting up in the morning according to Phil Wickham of the Kauffman Fellows Program at the Center for Venture Education in Palo Alto. 'And make sure the CEO knows that you are considering this option each day' he emphases.
If the answer to this question is yes, then get on with it and proceed to source the best candidate for the job. If the answer is no then the question should be: 'What can I do to support him/her today?'.
The openness of communication in the Valley can take the European aback!!
Here everything is discussed openly; people are encouraged to share idea, perspectives and insight in a unique frank and direct style.
Meeting is an integral part of doing business; either formally to pitch, or informally over a cup of coffee, business ideas are discussed, developed, challenged, progressed or dropped. If this one does not take off, let's move on to the next one.
The important point is to get feedback, better find out that your plan will not work early on instead of investing time and money and realise there is no scope further down the line....
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