It’s in the business, stop telling me about your tech
▻https://hackernoon.com/its-in-the-business-stop-telling-me-about-your-tech-7ca0015a9c75?source=
TumisuOne recent screening session for the Westchester Angels someone presented to us a retail wind turbine concept that I think may warrant investment.But there was no way to tell.So, he didn’t get funded.Here is why and how to avoid his fate:As good as the core of his idea may still be (I don’t know by the way), there is no way his company is going to raise any money.He could not explain to us the problem he solved or why anybody would be interested. So, none of us could figure out how we would ever make any money. So none of us were interested in investing.His pitch was a technical explanation of the intricacies of his product design. He spent a full quarter of his time (2 out of 8 minutes) on ball bearings!As a rule of thumb any time your initial pitch to early stage investors includes (...)
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