Remove Campaign Remove Cofounder Remove Product Remove Seed Money
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No Plan Survives First Contact With Customers – Business Plans versus Business Models

Steve Blank

No campaign plan survives first contact with the enemy. He and his co-founder were both PhD’s in applied math who believe they can make some serious inroads on next generation search. We thought we’d take our plan and go raise seed money. We can’t raise money knowing our plan is wrong.”. Here’s why.

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The Series A crunch is hitting now. Have we even noticed?

pandodaily.com

“I wouldn’t expect anyone except seed investors to complain about it,” Graham says. “Founders don’t think their problems are due to trends. And in fact, overall trends are a second-order effect for founders.” Sarah Lacy is the founder and editor-in-chief of PandoDaily. Sarah Lacy.

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How to Start a Startup

www.paulgraham.com

And since a startup thatsucceeds ordinarily makes its founders rich, that implies gettingrich is doable too. A lot ofwould-be startup founders think the key to the whole process is theinitial idea, and from that point all you have to do is execute.Venture capitalists know better. Ideally you want between two and four founders.

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