Kleiner Perkins investment criterias for software startups: Consumer ? Enterprise ? Both!

Jeff Clavier reported:

KP's Ajit Nazre mentioned (in a panel at TiECon East) the 7 rules that enterprise software startups must meet in order to be considered for an investment:

• Instant Value to customers - solve a problem or create value with the first use
• Viral adoption - Pull, not push. No direct sales force required
• Minimum IT footprint, preferably none. Hosted SaaS is best.
• Simple, intuitive user experience - no training required.
• Personalized user experience - customizable
• Easy configuration based on application or usage templates
• Context aware - adjust to location, groups, preferences, devices, etc.

Read more here.

Tags: startup, funding, software, entrepreneur, venture, businessmodels