Date post: | 23-Aug-2014 |
Category: |
Investor Relations |
Upload: | shion-deysarkar |
View: | 906 times |
Download: | 2 times |
Lightning in a Bottle:
Getting Investors Interested in Your Crazy Idea
Lightning(okay, maybe
thunder)
Bottle
1. Get TractionNothing says “good idea” like happy customers
By the gods!This “lightning-boomerang-
hammer” idea actually works!
2. Minimum Viable ProductShow how people are using your product, or at least have a working demo
Even with this absurdly tiny hammer, I can still
kick some butt.
3. Have a Great TeamPast startup success or experience in area relevant to customers
Technical teams > Business teams
Good teams >> Good ideas
Who wouldn’t want to fund
this?
These Also Help:Good presentation skills
Large total addressable market
Intellectual property
Some Specific Avenues:Incubators: YCombinator, TechStars, etc.
Rice Alliance Events
Network: SXSWi
Launch Events: TechCrunch Disrupt, DEMO, SXSW Accelerate
If Things Don’t Work Out:Remember: customers validate a business, NOT investors
Pivot or try something else until you find a business model that gets traction
Hmm… maybe I can apply my“lightning-boomerang-hammer” idea to
mobile.That’s a growing market..
What’s It All Mean?
Start hacking and just do it!
Thanks!
@shiondev80legs.comcreeris.com