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This is such a cliche answer! Ofcourse we know who the target customers are, funding would help in hiring and building more features. Thus increasing the value
by atlasV 5y ago
This is such a cliche answer! Ofcourse we know who the target customers are, funding would help in hiring and building more features. Thus increasing the value for the customer and the probability of success.
- verdverm 5y agoDo you have users? If not you only have assumptions https://startupschool.org https://startupschool.org videos are a good place to start. They are also available on YouTube iirc
- atlasV 5y agoyou mean to say all the pre-live pre-revenue startups are funded purely based on assumptions?
- verdverm 5y agoNo, they typically have beta users and are already iterating on the product. Be mindful that founders and their attitude usually count more than the initial idea to investors. Pretty much every product fails on first touch with real customers. You've been quite snarky and/or arrogant here and that is a red flag.
- atlasV 5y agohaha you know nothing about me, how prejudiced! Feel free to wave any colour flag you please.. Not all have beta users, some raise pre-seed round before launch which is what I am trying to find out how they do it.