Cofounders should ideally be really good buddies who have known each other a long time. Arguments between co-founders are a major reason for failure, even (or especially) after money comes in.
What area are you dealing in? Fintech? Are you an expert (you should be). It’s much harder succeeding in a field that you know little about.
Contacts are important, sometimes critical.
As my friend Doron Nir tells me “When someone invests in your startup, it’s a miracle.” Do you need the miracle yet? Even if not, you should be prepared to try to make happen. Prepare a budget proposal just in case. Try to attract more money than you think you need. You will need it.
When you talk about your invention (even to individuals) you compromise your ability to protect it later on.
These days, it’s down to seven or ten seconds. One sentence about you are planning to do.
For events and opportunities? Should be to the point, and well rehearsed.
Same as above, if they let you talk for that long.
Even a one pager. This will keep you on track.
This is essential. You can update once a month.
Business models change over time but you should have at least one. Investors will not take you seriously otherwise. Trust me. I don’t have one (yet).
Small audience usually means small business.
People will flock from the corners of the earth and pay great sums of money for a product that restores health. How badly do they need yours?
It takes money and time to educate people. Both are hurdles that are best avoided.
Hopefully, a few months. Otherwise people might wonder what makes you confident it will work. Will it?
Success and failure are in the details. How many negative attributes does it take to sink a cool smartphone?
Are you building a group of loyal users, or selling a one-time product?
If there is no competition, probably you haven’t looked hard enough.
What makes you irresistible over the competition?
A strong plus.
Anything less than 100% won’t cut it.
How easy will it be for others to compete with you?
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