The Equity Kicker
AUGUST 20, 2014
With no team and no technical expertise Matt was planning to find a team and build out some product before starting to raise some seed money. Talking to customers doesn’t seem very difficult but learning how to intuitively ask open questions, deviate from a script and synthesise the information gathered takes practice.
Steve Blank
JUNE 11, 2009
Passionate – is the company/product/customers the most important thing in your life? And I remind them that they should be bringing some type of domain expertise (technical or business) to the table. The Adventure of a Lifetime. Can you recognize and capitalize on them? Tenacious – can you keep going when everyone else gives up?
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Up and Running
MAY 12, 2015
They ended up with a nice pitch, and approximately $300K in seed money.”. He warns that although quality and prize money vary from competition to competition, they can be a great way to practice pitching in a setting designed for getting feedback. Ask your intended customers for feedback. Where do you find a mentor?
techcrunch.com
OCTOBER 23, 2010
Post launch, if you gain traction, is where the business person will help take the load off of the technical folks. The business person can take all the meetings while the technical folks work on making the product better. Ron Oh and another factor to bring reality to the table - Sometimes you find out your cofounders suck.
www.paulgraham.com
AUGUST 1, 2008
Series A rounds, where you raise a million dollars or more, will be custom deals for the forseeable future. And in particular, younger and more technical founders will be able to start startups than could before. Some investors will still want to cook up their own deal terms. What students do in their classes will change too.
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