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Every entrepreneur thinks he can relax a bit after his businessmodel is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Unfortunately, the market is changing so fast these days that any upward climb can level off quickly, as the core business growth begins to stall.
All investors want to see real evidence that the dogs will eat the dogfood before they give any credibility to your hockey-stick projection curves. Startups need the agility to test various businessmodels and positioning messages. Partners and distribution channels will take you seriously.
What matters is proving the viability of the company’s businessmodel, what investors call “traction.&# Of course this is not at all true of many profitable small businesses, but they are not what I mean by startups.) People often forget the most important part of the hockeystick: the long flat part.
Every entrepreneur thinks he can relax a bit after his businessmodel is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Unfortunately, the market is changing so fast these days that any upward climb can level off quickly, as the core business growth begins to stall.
Every entrepreneur thinks he can relax a bit after his businessmodel is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Unfortunately, the market is changing so fast these days that any upward climb can level off quickly, as the core business growth begins to stall.
Equity VC is a “get rich slow” business. Flexible VC creates early liquidity which can be either reinvested or distributed to LPs. As a result, unfounded hockey-stick graphs and unicorn promises give way to financial fluency, realistic expectations, frank conversations about what a business can credibly achieve, and transparency. .
Every entrepreneur thinks he can relax a bit after his businessmodel is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Unfortunately, the market is changing so fast these days that any upward climb can level off quickly, as the core business growth begins to stall.
Every entrepreneur thinks he can relax a bit after his businessmodel is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Unfortunately, the market is changing so fast these days that any upward climb can level off quickly, as the core business growth begins to stall.
Your businessmodel has to truly be similar to the company you are referencing. If you aren’t solving some problem in the world, you are going to have a long uphill climb with your business. Investors see “hockeystick” projections all the time and will mentally be cutting your projections in half.
Fit for the test: Normal tests assume independence and that error is normally distributed. Do not talk about disruptive businessmodels; the ones who disrupt don’t talk about it. They are too busy disrupting. Interpretable: Easy to tell how a change altered user behavior. Sensitive: Can detect smaller changes faster.
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