Business Model Cofounder Post-Money Valuation Revenue 
Lightspeed Venture Partners
OCTOBER 7, 2012
The first company started as a BBQ catering business, and eventually focused in on their most popular product, a dip made of blended up chicken plus various sauces. At this point, the very pregnant cofounder was weeping. The cofounder was charismatic and persuasive and asking for $85k for 12% of the company.
betashop.com
OCTOBER 8, 2012
But, you can iterate and iterate on features, but you cannot iterate your way to a business model. I’ve seen too many businesses get stuck or fail because of their endless pursuit for the magic new feature that is going to help them gain traction. Have amazing co-founders who are better at what they do than you could ever be.
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