4 ms·
They forgot Step 0: Have a successful business. None of the other steps will do you any good if you don't have a successful business. There are many metrics t
by rsweeney21 6y ago
They forgot Step 0: Have a successful business.
None of the other steps will do you any good if you don't have a successful business.
There are many metrics that would indicate a "successful business" (users, revenue, growth rate, patents, etc)
- janellehmtam 6y agoThat's critical, of course! The advice here assumes you have a solid business, existing relationships with or warm connections to investors, etc. and that's why YC helps with those parts.
- redis_mlc 6y ago> None of the other steps will do you any good if you don't have a successful business. This sounds wise, but is not true when applied to VC funding. If you have a very, very successful business, then you don't need VC. But if you build something successful that has moderate revenue, you just proved it's not worth the VC's time. Starting sales can be the kiss of death for a startup that really wants funding.