Nov 26, 2019
Entrepreneurs are often enchanted with the idea behind their business that they think investors will write them a check based on the idea alone.
Many have great ideas but I always say no matter how great your idea is standard startup metrics apply.
New technologies can capture the imagination such as blockchain in 2017 that sent startups through a hyper funding phase, but this only lasts for a short time. Today standard startup metrics apply.
Some have a rockstar team and think that will make the fundraise a slam dunk. But again, I say standard startup metrics apply.
Standard startup metrics means you have a platform setup with users on it and line of sight to revenue. You have market validation and product validation - the user likes the product and will pay for it at some point.
You too may be excited about your idea, product, team, or more but standard startup metrics apply
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