Date post: | 24-Apr-2015 |
Category: |
Small Business & Entrepreneurship |
Upload: | bitcasa-inc |
View: | 643 times |
Download: | 0 times |
Avoiding the Valley of Death: Attracting Funding
About Bitcasa
Bitcasa Confidential & Proprietary
Bitcasa Confidential & Proprietary
Everything Looks Great!
4
• Dow 17k!
• Huge VC rounds!
• Huge VC valuations!
• IPOs everywhere!
Bitcasa Confidential & Proprietary
The Reality is Bleak (and always has been)
5
• 95% of startups don’t see ROI.
• 91% of startups don’t get to liquidity event.
• 90% of startups don’t get 2nd round.
Widening gap between “Haves” and “Have-Nots”
Bitcasa Confidential & Proprietary
How to Avoid the Valley of Death?
6
• Manage capital efficiently.
• Get to scale quickly.
• Have a billion dollar story.
• Build the right team.
Bitcasa Confidential & Proprietary
Which Means What, Exactly…?
7
• Build lots with a little.
• Understand what “scale” means to you.
• See the path to a billion.
• Hire slow, fire fast.
Bitcasa Confidential & Proprietary
Know Your VC Audience (A Cynic’s Take.)
8
• 10-year asset managers.
• The scourge of “pattern recognition”.
• Killing you with kindness.
• The myth of “smart” money.
Bitcasa.com/platform