Your startup idea probably isn’t venture-scale
Press cycles about million-dollar fund-raises and billion-dollar valuations are short-lived and targeted at aspiring entrepreneurs, not people like your customers. Building your audience that way doesn’t work, because a months-old startup has nothing to say, besides that a few rich people gave them some money. Trust me, I know.
Sahil Lavingia • The Minimalist Entrepreneur: How Great Founders Do More with Less
Saying no is incredibly hard in the early stages of company building, and there's this saying that the power of great companies is those that say no to good ideas and say only yes to great ideas, and there's lots of great leaders that have talked about how constraints lead to really creative thinking, and so the idea that you're going to say no a l... See more
Chetan Puttagunta • Go Slow to Go Fast: Software Building and Investing
When VC money is a BAD IDEA 👇
1️⃣ Your model is not scalable/capital-efficient
A typical seed VCs looks for 100x return within 7 to 10 years.
That's why tech businesses are usually preferred over retail or services.
High scalability, high capital efficiency.
2️⃣ Your SAM is under $1B
Hard to assess because you could pivot and/or create ... See more
If you’re feeling stuck on your path to PMF, take 10 minutes and deeply think about these questions:
- Is the problem you’re solving truly important and underserved ?
- Is your solution Delta-4 better than the status quo?
- Have you tried rethinking your ICP ? How truly painful is the pain you’re attempting to solve for them?
- Have you tried rethinking you