Before product-market fit, find passion-market fit. Building a product is a process, not a discrete action. And the Internet is efficiently arbitraged. Every single simple thing that can be done is being done, or has been done. The lesson of history is that product-market fit is very precise—one wrong tweak or slightly bad timing and [...]
Entries Tagged as 'Markets'
Are you selling your startup's shares door-to-door?
May 21st, 2011 · 1 Comment · AngelList, Markets
We’ve covered this before, but it’s worth repeating: don’t raise money in series, raise it in parallel. Don’t talk to one investor at a time, talk to all of them at once. It’s the only way to get market-clearing terms. Meeting every investor over a short period of time creates a positive feedback loop of social [...]
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Updated: A quick and dirty guide to starting up
November 10th, 2008 · 4 Comments · Execution, Founders, Markets, Presentations, Starting Up
We’ve updated the presentation in A quick and dirty guide to starting up. The new presentation includes the notes that accompany each slide. I’ve also included the new presentation below. Watch it in full screen mode for maximum pleasure. The full screen button is at the bottom right of the embed and it looks like [...]
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A quick and dirty guide to starting up
October 24th, 2008 · 4 Comments · Execution, Founders, Markets, Presentations, Starting Up
Naval recently presented A Quick and Dirty Guide to Starting Up to Girls In Tech: (Slides: A Quick and Dirty Guide to Starting Up (pdf)) Here are some of my favorite quotes from the presentation: “We are faced with insurmountable opportunities.” – Pogo The most important thing: idea intelligence connections experience determination. Ideas, and therefore [...]
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How do I find a lead investor? Part 2
January 24th, 2008 · Comments Off · Angels, Introductions, Lead Investors, Markets
Summary: Here are 3 microhacks for finding a lead investor: (1) If followers have good reasons to not lead, ask them for introductions to potential leads. (2) If you’re early stage, find seed investors who invest in people and high risk startups. (3) If every prospective investor says “we don’t know the market,” find investors [...]
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