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Fund Raising is a Means Not an End

Steve Blank

Sigh… What I should have been hearing is the search for the business model, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. Does our product or service solve a customer problem (product-market fit)? What is an IRR? Focus on product – market fit.

article thumbnail

Fund Raising is a Means Not an End

Steve Blank

Sigh… What I should have been hearing is the search for the business model, specifically the progress on product/market fit, but I hear the fund raising story first at least 90% of the time. Does our product or service solve a customer problem (product-market fit)? What is an IRR? Focus on product – market fit.