Getting funded: Step 0 – Prepare
blog.thansys.com
Getting funded: Step 0 – Prepare
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Re: Getting funded: Step 0 – Prepare
#2Overall I think this is a decently cohesive and useful bit of advice.
However, I sense a bit of a disconnect between point 5 (Website) and point 7 (Financial Projections); if you don't even have a product out to users, how do you have any grounds on which to make 3-5 year user growth, revenue, or expense predictions? This reminds me of the typical "where do you see yourself in 5 years" interview question.
Re: Getting funded: Step 0 – Prepare
#3Overall I think this is a decently cohesive and useful bit of advice. However, I sense a bit of a disconnect between point 5 (Website) and point 7 (Financial Projections); if you don't even have a product out to users, how do you have any grounds on which to make 3-5 year user growth, revenue, or expense predictions? This reminds me of the typical "where do you see yourself in 5 years" interview question.
I will make a point about financial projections... they are there to let the VC know how you think about money vs. setting concrete goals. As far as "where do you see yourself in five years" interview question... my favorite answer was always "firing you." But, seriously, having a vision of where this thing is going is a plus. And I want to see it from the very beginning.