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VCs turn down 99% of the companies they’re introduced to. Most of those don’t make it to a face to face meeting. If you’ve made it to an in-person meeting, here are the numbers you need to know to get a VC excited.
Without growth your startup will die. At startups, growth means increasing revenue or customers. Once your product is working for customers, and not before, you should be aiming for 10% weekly growth.
When you’re running out of money at your startup, don’t bury your head in the sand. You have to act. Waiting only makes things worse, as time pressure makes tough decisions even harder.
Bad investors can do untold damage to a company and they only show themselves at the worst times. It’s hard to know in advance how an investor will behave in tough situations, so it’s best to protect your company by ensuring you have the right terms.
