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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. 100,000 unique visits/month to our network of online sites. 5% monthly churn rate.
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. 100,000 unique visits/month to our network of online sites.
Expansion of one’s network through the network of the VC. Many VCs do EIR’s primarily to draw someone on the outskirts of their network into their network. The positives are kind of obvious: A reasonable paycheck to work off of while you think through your next company. This isn’t all that obvious.
Here are some, IMHO, differentiated metrics. Second Level Network Size: Lastly… while most people overestimate their "twitter power" ( I can bring you down with a single bad tweet Avinash! ) Looking at the second level report can give you a feel for your network size. Be willing to put in the sweatequity.
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. If there isn’t enough differentiation from competitors, the venture will fail.
Very interesting article, at my Firm we share many of your insights, starting by performance based compensation (often linked to sweatequity). In Beware The Consultant, I describe how you can structure such equity-based [.]. Networking (20). link] Luis Rivera. I guess not all “consultants” are equal afterall.
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 internet business is a game of scale (network externalities). And they get a few million.
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