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> Startups are overdosing on ambition these days I was turned down recently by several EARLY STAGE investors on the basis that the Total Addressable Market (TA
by dandare 10y ago
> Startups are overdosing on ambition these days
I was turned down recently by several EARLY STAGE investors on the basis that the Total Addressable Market (TAM) of our first target niche is only in the hundreds of millions while they only invest in billion dollar opportunities (ideally you should also have a proven product market fit or be profitable or both, you know, early stage). Trying to explain, that this is only the first niche we want to target and once we will have users we can experiment with ways to monetize them, didn't help either.
- sage76 10y agoExactly this. We have revenues and repeat users and yet, we got rejected everywhere. Some places want a "world domination vision", others (even supposedly great investors) are just blindly running after buzzwords ("Revenues? Profits? Pass.... AI/Machine learning based hyperlocal customer engagement platform TAKE MY MONEY PLEASE RIGHT NOW") There was only one investor who was honest with us and said "Look, don't ask investors anything. We don't know. If it works, it's a good idea."
- deleted 10y ago[deleted]