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At the very least, as Ivan says, Demo Day is an amazing forcing function for getting your shit presentable and pushing it out to investors. You know how everyon
by rgbrgb 12y ago
At the very least, as Ivan says, Demo Day is an amazing forcing function for getting your shit presentable and pushing it out to investors. You know how everyone says the best way to pitch an investor is by getting a warm intro from someone who already invested? YC gives you 500+ of those intros on the same day.
That's not to say that YC is only good for fundraising, but that specific piece has about the same utility regardless of how many times you've done YC before.
- tptacek 12y agoIt's probably important to understand how DD is a forcing function for investors. There are lots of ways to create forcing functions for operators, but not so many ways to deterministically create them for investors.
- rgbrgb 12y agoYep, forgot that in my comment... 500+ warm intros means that if your pitch is compelling (not a given) then there will be a lot of competition to invest. This is naturally good for founders both in terms of pricing the round and getting it done as quickly as possible.