Saved by Jason Badeaux
Not fundable
Most wannabe founders are waiting for an angel to anoint them with a $50,000 check before they start working on anything outside of a PowerPoint deck, or worse, delusionally long emails explaining why everything else out there sucks and their derivative idea will win—if only you believe in them and cut them a check. If the most a person can create
... See moreJason Calacanis • Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000
Turns out no amount of fundraising, press, buzz, amazing employees, and/or cool tech guarantees you product market fit.
Joey DeBruin and added
Pessimists sound smart, optimists make money You could say every single startup will fail – you’ll be right 90% of the time, but you won’t be rich
Sahil Lavingia • Sahil Lavingia — From Web 2.1 to Web 3 (EP.87)
sari added
When VC money is a BAD IDEA 👇
1️⃣ Your model is not scalable/capital-efficient
A typical seed VCs looks for 100x return within 7 to 10 years.
That's why tech businesses are usually preferred over retail or services.
High scalability, high capital efficiency.
2️⃣ Your SAM is under $1B
Hard to assess because you could pivot and/or create ... See more
Jordan Braunstein added
On Fundraising
There are a ton of good founders who are bad at fundraising, and thus, don’t raise adequate capital. On the flip-side, there are a lot of bad companies that were funded simply because the founder was persuasive and good at raising money.
Brian Norgard • The Pomp Podcast on Apple Podcasts
sari added
Stop trying to raise a debut venture fund -- go for the SPV instead
techcrunch.com
Sarah Drinkwater added
At times I’ve been incredibly detailed in my feedback, giving founders all the reasons why I was not investing in them and softening the blow by telling them to “keep this email and do a blog post quoting it when you prove me wrong!”
Jason Calacanis • Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000
Startup is another way of saying unprofitable
Alara added