The way I've always built my Customer Advisory Board (I call them my A-Team, Advisory Team - just sounds cooler) Before Launch - Find users who currently have the problem and have already solved it themselves. After Launch - Find users who are active / using the app AND have not asked to be on ...
Hi, If you were going to sell the business, the first thing a knowledgeable buyer (or investor) would do is normalize the wage expense vs. fair market. If you and the other founders are not paying yourselves what you would earn working for a stranger, then your financial statements are meaningle...
A crypto currency amounts to potentially strong substitute for brick & mortar-like and financial-intermediary based- transaction structures. It is a large idea, it is game changing, and it requires a rather substantial balance sheet and time to move from concept, to prototype, to commercial via...
Ask yourself: -Do you believe in their vision? -Would you leave everything you have to work with them to make their dream come true? -Do you have strong data that tell you that what they say will happen it's true? -Do you think the founders are the best to accomplish what they are going for? -Is...
The job description of your ideal person is pretty vague. You've told us about YOUR background, and some of your marketing tools, but we don't know a thing about what you're looking for. -A Killer -Startup Experience -Industry Contacts -Act with Urgency But who are you looking for?
Hi, If you have a good pitch deck and a decent BMC (business model canvas), "all" you need to do is start sending it to investors. There are lots of free, online lists on the internet. The problem isn't finding them, it's making sure that you send the right pitch deck, the perfect emails/contact...
The easiest answer to this is something a mentor told me a few years ago when I was working on a niche app....she said "do you honestly feel like you could be passionate about this for the next 10 years"? That may not sound like it's relevant but it is...honestly that's the only thing that matter...
I have become a Stripe convert. The simplicity and straight forward pricing is great. The platform works seamlessly. Previously I was a big proponent of Paypal but now after a few months with Stripe I am not ever going back. I have not had one issue at all compared to having at least a dozen issu...
Q) What info would a buyer need in order to make an offer? Unsolicited offers rarely start out as offers. They start as conversations. Cold inbounds from potential acquirers are usually done to establish some facts and also willingness to entertain an offer. They need to have enough informatio...
I agree with the answer above on test first. Also, David's advice to have a business strategy is key. I'd start from user needs. Do people need (ok, want) this service in the area you might provide it? As a woman and a cosmetics designer, I can attest that most women want this service, but you ...