(Laurence K. Hayward, VentureLab Inc., 2015) Remember the game Twenty Questions? The contestant uses the best combination of questions, which can be answered with a simple “yes” or “no,” in order to discover information held secret by the other player. The objective is to reveal the unknown information with the fewest questions possible.
The game has several common traits with the discourse between an entrepreneur seeking financing and a venture capitalist (VC) evaluating an investment opportunity…
