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The $50 Million Giveaway – VC’s tell what they’re looking for

Like most venture capitalists, Jim Armstrong, managing director of Clearstone Venture Partners, receives dozens of business plans every week. But when we stopped in recently, he was more interested in talking about what was missing from the pile than about any hidden gems. Riffing on the future of instant messaging, for example, and how a killer business could be hatched around his concept, Armstrong complained that he was ready to write a check to get it launched, if only a smart business plan would hit his inbox. "I’ve got $1 million to invest in this tomorrow," he said, "if I can just find the right team."

By Michael V. Copeland

Full Story: http://www.business2.com/b2/web/articles/0,17863,1096807,00.html

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