article thumbnail

Technology, Innovation, and Great Power Competition – Class 4- Semiconductors

Steve Blank

Put yourself in the shoes of Mark Liu, chairman of TSMC: Do you view China as more of a competitor or customer – and why? Our guest speaker for our fourth class was John Hurley , former Member of the President’s Intelligence Advisory Board, an expert on semiconductors and supply chains, and former Captain, U.S.

article thumbnail

Worked Up about Unrealistic Venture Capital Valuation

Growthink Blog

So, Mike tells me he wants to raise a first round of venture capital based on a $100 million valuation. Getting a $100 Million valuation is impossible for a startup. In fact, getting above a $10 Million valuation is also virtually impossible unless you have at least some traction (e.g., you have customers).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Entrepreneur Milestones That Make Funding Easy

Startup Professionals Musings

Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. For a business, you must define the absolute minimum features you need to satisfy the customer problem, and test it in the market.

article thumbnail

Target market advisory boards

Austin Startup

For startup founders, it’s never too early to start thinking about putting together a target market advisory board. The target market advisory board should consist of 2–4 industry veterans who have connections to C-level execs and VPs in your target market. Never discount the power of a warm intro.

article thumbnail

10 Keys to Startup Traction That Investors Look For

Startup Professionals Musings

Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. For a business, you must define the absolute minimum features you need to satisfy the customer problem, and test it in the market.

article thumbnail

These 10 Steps Will Make Your Startup Fundable

Startup Professionals Musings

Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. For a business, you must define the absolute minimum features you need to satisfy the customer problem, and test it in the market.

article thumbnail

Ten Tips for Business Traction to Attract Investors

Startup Professionals Musings

Build qualified advisory board. If you can convince a couple of domain experts, or a couple of experienced executives to join your board and be your advocate, that’s traction. For a business, you must define the absolute minimum features you need to satisfy the customer problem, and test it in the market.