Compiled VC Questions About Startup Idea

I recently had a VC interview for one of my projects I’m working on. These were the questions they asked me, I organized them into different sections. I hope it’s helpful.

Questions about your idea

• What are you going to create ?
• What need in the marketplace will be filled by your product or service ?
• What is your target audience ?
• How long have you been working on this idea ?
• How far have you gotten ?
• Why do you want to do this ?
• What do people currently do since your solution does already exist ?
• Who will be your competitors ?
• Why do you think yours will be better ?
• How long will it take for you to develop / complete a prototype ?

Team questions

• How long have you known each other ?
• Have you worked together on a project before ?
• What would be each member’s responsabilities ?
• Is there anyone else that you need to execute on your idea ?

Execution and business issues

• What is your biggest concern about this idea or project ?
• Would your product be difficult to duplicate ?
• Was any of your code written by someone who is not one of your founders ?
• What core underlying tools or platforms will you be using ? (e.g. open-source)
• How do you think people will discover the product or know it exists ?
• How do you think you will be able to make money from it ? (charge for use, advertising, subscription based)