3 ms·
Edit: I think PG answered this accurately in just one line above. The following thoughts might help the OP. I think this has been tried before, with nReduce[1]
by monsterix 13y ago
Edit: I think PG answered this accurately in just one line above. The following thoughts might help the OP.
I think this has been tried before, with nReduce[1]. And failed. Story of taking a company off the ground is not so simple. And that story doesn't separate the role of investors and founders in such a discreet unattached manner:
> Founders focus exclusively on the startup. Investors care primarily about traction and who else is investing, so these decisions can be made remotely
No it doesn't work like that. Founders and investors together focus on the startup == traction i.e. building something that people want. That sense of togetherness gives the baby startup a chance of survival. Success is not guaranteed even then, mind you.
For other points:
> 1. Everything is remote.
I doubt this is even possible. Incorporation, paperwork is but one moment/small step of creating a company. It could be done remotely even today.
> 2. Cohorts are rolling.
Perhaps this is possible, however it's important not to discount the energy, vibe and support system of the batch psychology.
> 3. Partners are decoupled. You can book time with anyone and you know exactly what they specialize in, so there are no wasted meetings.
I think this would be hard on partners simply because he/she would be bombarded and not have enough time to digest and respond effectively. Also there is a saying that when the student is ready, the teacher appears.
> 4. Decisions made in 48 hours.
Handling anxiety and calm is one great attribute to have in entrepreneurship. That said, quicker decision making is always good unless rushed too soon.
> 5. Demo days all over the world. Demo days would be expanded out to metro hubs: LA, SF, NYC, etc. Kickstarter operates well and it’s run entirely online.
By 'all over the world' and LA, SF, NYC I think you mean just America. There could be a solution to demoing all over the world. Getting covered on Tech news and blogs is a form of it. The question is whom do you want to demo to?
[1] http://venturebeat.com/2012/05/28/nreduce/ http://venturebeat.com/2012/05/28/nreduce/