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The average amount per startup has been $23,000, usually in the form of a convertible loan, rather than an equity investment. Friends and family are quick to differentiate between a passionate hobby and a sincere effort to change the world. Their logic is that if your family won’t invest in you, then why should they?
The average amount per startup has been $23,000, usually in the form of a convertible loan, rather than an equity investment. Friends and family are quick to differentiate between a passionate hobby and a sincere effort to change the world. Their logic is that if your family won’t invest in you, then why should they?
This is also the place to first mention patents and any other differentiators that put you ahead of competition. The business model has to clearly define who is your customer, market penetration expected, how much customers pay versus total costs and the investment required to sustain cash flow.
The average amount per startup was $23,000, usually in the form of a convertible loan, rather than an equity investment. Friends and family are quick to differentiate between a passionate hobby and a sincere effort to change the world. Their logic is that if your family won’t invest in you, then why should they?
Investors want to hear about your first customers, other investments put into the company (including your own sweatequity), key media placement, signed letters of intent (LOI) to purchase/partner, product and customer milestones, key hires, etc. is our customer acquisition cost (CAC). 1,000 new leads captured per month.
Investors want to hear about your first customers, other investments put into the company (including your own sweatequity), key media placement, signed letters of intent (LOI) to purchase/partner, product and customer milestones , key hires, and so on. is our customer acquisition cost (CAC). 1,000 new leads captured per month.
Your product must solve an actual need, have a profitable market size, differentiate itself from the competition, generate sufficient interest from your target market, be cost-effective to produce in a timely manner, and have a clear marketing path. Research the cost of advertising your product.
For instance, many a BDC CEO has initiated a consultant to study cost cutting issues before announcing a significant layoff. Unlike employee training costs, which can typically be spread over years of service, the relative return from training a consultant is modest and pricey. link] Luis Rivera. link] Luis Rivera. startupcto
You have to start as a dreamer or nothing’s going to become of it, but obviously like you said it’s the implementation that is really what differentiates. But assuming without a big budget it’s going to be more about sweatequity and putting in the time to create great content.
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. The cost of money is steep, and only works in certain verticals, of which software is NOT one.
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