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Outline your businessmodel. Your businessmodel tells an investor how your idea will (or does) convert into being economically viable. The best way to show you how to communicate your businessmodel is to show you an example of a good one. Your businessmodel should answer the questions: What do you sell?
This is also the place to first mention patents and any other differentiators that put you ahead of competition. How does your businessmodel make money? Good causes such as feeding the world’s hungry may help your marketing but may not sustain a business. Quantify founder investments, both cash and sweat-equity.
Outline your businessmodel. Your businessmodel tells an investor how your idea will (or does) convert into being economically viable. The best way to show you how to communicate your businessmodel is to show you an example of a good one. Your businessmodel should answer the questions: What do you sell?
There is an inherent conflict in a consultant’s businessmodel and the needs of a startup. Very interesting article, at my Firm we share many of your insights, starting by performance based compensation (often linked to sweatequity). Yet, it does nothing to help you execute your businessmodel.
Especially since even Youtube is still struggling to try find a viable businessmodel. Some of the investments defy explanation… Money poured into something that no one has yet been able to monetise, with a competitive landscape that is over-saturated, and with no real differentiation from what’s already out there.
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