Avoiding the Valley of Death: Attracting Funding
About Bitcasa
Bitcasa Confidential & Proprietary
Bitcasa Confidential & Proprietary
Everything Looks Great!
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• Dow 17k!
• Huge VC rounds!
• Huge VC valuations!
• IPOs everywhere!
Bitcasa Confidential & Proprietary
The Reality is Bleak (and always has been)
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• 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?
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• Manage capital efficiently.
• Get to scale quickly.
• Have a billion dollar story.
• Build the right team.
Bitcasa Confidential & Proprietary
Which Means What, Exactly…?
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• 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.)
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• 10-year asset managers.
• The scourge of “pattern recognition”.
• Killing you with kindness.
• The myth of “smart” money.
Bitcasa.com/platform
