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>> "The Slide that Made the Difference Between Getting Funding/Not Getting Funding" Was their CAC model really the slide that made the difference? The basis of
by sparknlaunch12 14y ago
>> "The Slide that Made the Difference Between Getting Funding/Not Getting Funding"
Was their CAC model really the slide that made the difference? The basis of the model depends on finger in the air assumptions. It shows they considered how they will convert leads but how to they validate these assumptions?
>> "If you can convey to VCs that you have a repeatable business model, and understand the microeconomics of your business, then you are golden."
I suspect this implies the business should be able to make money?
- patio11 14y agoActually understanding those numbers is kind of like product development: you would think it is table stakes, but a surprising number of startups completely fail at it, so FizzBuzz tests like "Can you ship anything?" and "Can you invest $1,000 and have at least $1,000 of revenue?" actually provide useful signal. "Shipping a product; customers use it; at least one customer acquisition channel works in principle" is actually fairly fall along on the derisking/valuation/etc timeline.
- glimcat 14y agoEven among well-funded startups, having a usefully specific definition of the target customer and where you fall in relation to their existing value structure is something of an accomplishment.