1/4)
So today I was watching Dragon's Den and this was an interesting one. There are several problems here:
1) Pitch was long, basically all exposition, and failed to provide the necessary info about the business or its performance (Metrics)
So today I was watching Dragon's Den and this was an interesting one. There are several problems here:
1) Pitch was long, basically all exposition, and failed to provide the necessary info about the business or its performance (Metrics)
2/4)
2) The pitch was made to investors who weren't the target customers
3) With a Stanford or any Business School graduate, investors would expect a degree of business acumen, which shockingly just did not exist.
2) The pitch was made to investors who weren't the target customers
3) With a Stanford or any Business School graduate, investors would expect a degree of business acumen, which shockingly just did not exist.
3/4 )
Most investors will simply not invest until the idea being pitched solves a problem they face/see.
This also brings the point forward that grades and schools aren't everything. Sure they're good to have, but you will always need real-world experience.
Most investors will simply not invest until the idea being pitched solves a problem they face/see.
This also brings the point forward that grades and schools aren't everything. Sure they're good to have, but you will always need real-world experience.
4/4)
Let me know your thoughts below!
Good luck to everyone pitching and hiring this week!
#business #startup #investing #funding #founders
Let me know your thoughts below!
Good luck to everyone pitching and hiring this week!
#business #startup #investing #funding #founders
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