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This is right in line with the three things early stage investors look for in a company: technology, market and team. While we're sharing, we interviewed and d
by jlees 17y ago
This is right in line with the three things early stage investors look for in a company: technology, market and team.
While we're sharing, we interviewed and didn't get selected for S09 also. Leaving aside any flaws with the idea itself, I believe the main thing we should have done during the interview -- and didn't -- was coherently express how we were going to make a ton of money out of the idea. pg et al may totally disagree on that, of course, and there are other things that -- in retrospect -- could have a) been better or b) been communicated better. But that's my main 'I wish I'd said...' from our experience, anyway.
The other thing is demo. Ours really wasn't great - it was a screenshot walkthrough which didn't show the tech in action. We had to do a lot of talking to overcome that, which meant not enough time to talk about everything else. If your demo explains everything in 30 seconds, you'll have a way stronger foundation than we did.
- avk 17y agoI recently had a similar experience doing a 3-minute pitch for a startup competition. We didn't get it and assumed it was for all the wrong reasons. We later met with one of the judges and he said we had everything right, we just really didn't stress how we'd make money and that killed it for us. Lesson learned.