article thumbnail

What do investors REALLY want?

Up and Running

In 2004, Alexis Ohanian and Steve Huffman launched Reddit. To demonstrate traction you might recruit a good management team, start making sales, build an advisory board or secure strategic partnerships. If your investor is a match with your industry, believe it or not, the next most important thing is YOU and your TEAM.

article thumbnail

How to listen to customers, and not just the loud people

Startup Lessons Learned

This was 2004, and we had never even heard of MySpace, let alone had any understanding of social networking. Establish a customer advisory board. So the natural comparison, we thought, would be to other 3D avatar based products, like The Sims and World of Warcraft. But the early customers all compared it to MySpace.

article thumbnail

Positioning and pitch decks for startups

BeyondVC

Who/Team – give me some context of who you are, your backgrounds, success/failures so I can get an idea of your ability to deliver and surround yourself with experienced talent, also include any board members or advisory board members that may be relevant (1 slide). What's the problem?