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"We've got early traction" = Our investors has made sure their other portfolio companies use our product. Would you rather work for a company where the investo
by dj_axl 15y ago
"We've got early traction" = Our investors has made sure their other portfolio companies use our product.
Would you rather work for a company where the investors can't even convince their portfolio companies to use the product? Sure I get the humor. Maybe a solution would be to actually name one of the (hopefully big/famous) companies that use the product, instead of being vague. "Some great places have employed our solution! But we can't reveal any of their names!" Um. Yeah.
- run4yourlives 15y agoI think the point is that the hardest, yet most important sell is a paying customer. There are a number of ways to convince an investor to use a freebee. They aren't losing anything they haven't already lost when they gave you money. A customer will not (well, most at least) pay for a product that offers nothing in return.