3 ms·
In retrospect the biggest issue was the in-person pitch. At first I was actually intrigued. But when I started to ask serious questions, like what's the unit c
by joedevon 12y ago
In retrospect the biggest issue was the in-person pitch.
At first I was actually intrigued. But when I started to ask serious questions, like what's the unit cost? How do you scale? How many do you need to sell to break even? etc, the business model got vaguer and vaguer, and he started to get defensive and fight the questions with wishful thinking instead of realistic answers. (I hear lots of pitches, this is pretty common).
That said, it was just one encounter w/ one member of the team. I don't want to be negative and unfair. Entrepreneurs have enough challenges.
Wish them the best of luck and sincerely hope they prove me wrong!