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Did they really need a Startup CTO or Developer or both? Did they have a Weak DevelopmentTeam ? Understand where they were in terms of being able to pay or was this equity-only (sweat equity only). He needed some kind of CTO and as well Developers. There are cases where I will do equity-only deals.
Once you build it, they will now ask you about the key metrics that they need proven in order to see if you really are a good investment. Even with these, you will have paper-tested your MVP, but the reality is that customers will not be able to assess the value to them until they actually use it. Review the code being built.
When companies come into our incubator, we take no equity, we take no stake in the company, it's completely free for the participant. Kevin Hell: Yes, we have a selection committee, comprised of folks who are venture capitalists and also have been in the investment arm of large companies. It's been a great ride and a lot of fun.
That refueling is when you will need more investment, or when you will break even and begin that steep profitable growth curve. As a rule of thumb, investors expect each investment round you get to last at least a year to 18 months. As a rule, you need to review your burn rate every month, and manage it every day.
That refueling is when you will need more investment, or when you will break even and begin that steep profitable growth curve. As a rule, you need to review your burn rate every month, and manage it every day. The cost of giving up more equity early is often more than offset by the increased flexibility to recover from mistakes.
That refueling is when you will need more investment, or when you will break even and begin to make a profit. As a rule, you need to review your burn rate every month, and manage it every day. The cost of giving up more equity early is often more than offset by the increased flexibility to recover from mistakes. Great strategy.
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