If you own a company in the venture capital (VC) industry, you would do well to partner with venture capital associations to strengthen your business expertise and credibility. Industry organizations bring together professionals with similar goals and challenges. Members of industry organizations come from across company divisions, but all share the same objective of expanding their knowledge.

Becoming a member of the right organization opens the door to a wealth of expertise. You will be exposed to many networking opportunities, information and resources. Additionally, VC organizations may also provide invaluable services that include new products, education opportunities and industry support. When looking for membership with a venture capitalist organization, remember the following:

1. Make sure the venture capital organization you're interested in is credible. Check BBB or other industry accreditations.

2. Most organizations charge fees for memberships, so make sure you’re getting your money’s worth before you pay.

3. Many organizations don’t stipulate membership for certification.

Action Steps
The best contacts and resources to help you get it done

Become a member of an accredited venture capital council

Although many organizations offer information, tools and resources to non-members, you can benefit substantially from becoming a member. Membership opens the door to additional service, product and representation. Register as a business rather than as just an individual, if possible, so your employees can benefit from the membership.

I recommend: The Northwest Entrepreneur Network offers discounts on events and networking opportunities to members. The New England Venture Capital Association also offers networking and educational resources as part of their membership benefits package.

Join VC associations that offer a full schedule of events and conferences

Events and conferences are a boon to any business. They give you an opportunity to network and share issues with industry peers. More importantly, they give your company exposure within the industry, and provide you an opportunity to further your relationships with other businesses. Try and pick organizations with nationally-recognized events.

I recommend: Both the Rocky Mountain Venture Capital Association and Mid-Atlantic Venture Capital offer an events calendar including seminars, conferences, and educational luncheons.

Pick venture capital groups with online resources and tools you can use

You can improve the efficiency and effectiveness of your business by picking an organization that offers online access to member tools and resources. Many organizations offer newsletters containing up-to-date industry news on industry issues and trends. Additionally, you'll have access to a job center, industry publications and industry mentors.

I recommend: The National Venture Capital Association provides an extensive list of state and regional venture capital organizations. The Michigan Venture Capital Association offers substantial industry resources for your convenience.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  If you're considering an organization for its online resources, look for a venture capital forum where you can discuss issues with industry experts in real time.