article thumbnail

Announcing our investment in Ada Support – the AI support platform that’s answering 2 million questions a month

Version One Ventures

As Ada Support launches its automated chat platform from stealth and announces an impressive $2.5 The immediate thing that came to mind was customer support, and so they began to tackle the problem. Needless to say, Boris and I were super excited when Mike and David received a term sheet from Bessemer.

article thumbnail

Startup Due Diligence Is Not a Mysterious Black Art

Startup Professionals Musings

After you have successfully attracted angels or venture capital with your business case, your million dollar product idea, and you have a signed term sheet, there is still one more hurdle to overcome before investors write the check. A good investor can do a lot to help a company, but can't make customers buy products.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Understanding the Dreaded Investor Due Diligence

Startup Professionals Musings

After you have successfully attracted angels or venture capital with your business case, your million dollar product idea, and you have a signed term sheet, there is still one more hurdle to overcome before investors write the check. A good investor can do a lot to help a company, but can't make customers buy products.

article thumbnail

Startup Due Diligence Is Not a Mysterious Black Art

Gust

After you have successfully attracted angels or venture capital with your business case, your million dollar product idea, and you have a signed term sheet, there is still one more hurdle to overcome before investors write the check. A good investor can do a lot to help a company, but can’t make customers buy products.

article thumbnail

16 Common Mistakes Young Startups Make

mashable.com

Your first product will likely be just a little bit ugly, and thats okay — its part of getting to market quickly and testing your idea in front of live customers. How many entrepreneurs opening words are about how stealth their project is, followed by a 10-page NDA to hear word one? Not Listening to Current (or Future) Customers.

Cofounder 111
article thumbnail

Corporate Venture Capital: Obligatory or Oxymoron?

David Teten

Mari is now building a new venture in human-machine interaction within the Samsung accelerator, currently in stealth mode. Access to the corporate investor’s ecosystem can open up great opportunities from technology validation to customer and partner development. Mari has been a serial intrapreneur for a large part of her career.

article thumbnail

“Focus is everything” - Melio's Matan Bar

Cracking the Code

You set up your own bookkeeping firm in New York, so I’m curious to hear your thinking around this and whether you think other founders should try and gain this first-hand understanding of the customer problem. Starting a bookkeeping service was the fastest way to engage with customers. Let’s talk about your financing strategy.

B2B 62