Remove Customer Remove Elevator Pitch Remove Product Development Remove Revenue
article thumbnail

Recruiting Should Be Your #1 Priority From Day 1

YoungUpstarts

Think of it as an elevator pitch for recruiting. impactful work (we point to specific features that are being used by 100s of customers) and 3. impactful work (we point to specific features that are being used by 100s of customers) and 3. Not sales, product development, or fundraising. Be Specific.

Cofounder 164
article thumbnail

6 Tips On Positioning Your Needs For Investor Funding

Startup Professionals Musings

That means they normally only invest in startups with a working product that has already been sold to at least one customer for full price (beta tests, giveaways and best friends don’t count). They are willing to cover marketing, inventory and scaling, but not product development. Make your focus and priorities clear.

Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Keys To Successfully Addressing Investor Questions

Startup Professionals Musings

That means they normally only invest in startups with a working product that has already been sold to at least one customer for full price (beta tests, giveaways and best friends don’t count). They are willing to cover marketing, inventory and scaling, but not product development. Make your focus and priorities clear.

article thumbnail

The Correct Answers to 'How Will You Use My Money?'

Startup Professionals Musings

That means they normally only invest in startups with a working product that has already been sold to at least one customer for full price (beta tests, giveaways and best friends don’t count). They are willing to cover marketing, inventory and scaling, but not product development. Make your focus and priorities clear.

article thumbnail

6 Guidelines For Proper Responses To Investor Queries

Startup Professionals Musings

That means they normally only invest in startups with a working product that has already been sold to at least one customer for full price (beta tests, giveaways and best friends don’t count). They are willing to cover marketing, inventory and scaling, but not product development. Make your focus and priorities clear.

article thumbnail

Raising Money Using Customer Development

Steve Blank

Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Chasing funding versus chasing customers and a repeatable and scalable business model, is one reason startups fail. Are there customers for what you are building? How many are there? Can it scale?”

article thumbnail

6 Principles For Proper Use Of Funds From Investors

Startup Professionals Musings

That means they normally only invest in startups with a working product that has already been sold to at least one customer for full price (beta tests, giveaways and best friends don’t count). They are willing to cover marketing, inventory and scaling, but not product development. Make your focus and priorities clear.