8. @paulsingh #moneyball4startups
TRACTION IS THE NEW
INTELLECTUAL PROPERTYPLATFORMS (SEARCH, SOCIAL & MOBILE) PRIMARILY DRIVING THE CHANGE.
NO LONGER âGOOD ENOUGHâ TO DEPEND ON TECH DIFFERENTIATION.
19. @paulsingh #moneyball4startups
WALL STREET
ISNâT ALONETHESE TECHNIQUES ALREADY USED TO UNDERWRITE IN-VITRO
FERTILIZATION LENDING, PAYDAY LOANS, SUBPRIME AUTO
LENDING, HOME/PERSONAL/AUTO INSURANCE AND MORE.
35. @paulsingh #moneyball4startups
(500) CHECKLIST
Product solves a problem for a speciïŹc target customer
Capital-efïŹcient businesses - operational @ <$1M funding
Primarily internet-based distribution - search, social, mobile, local
Simple revenue models - transactions, subscriptions or afïŹliate
Functional prototype before investment (or previous success)
Small but measurable usage - some customers, early revenue
Small but cross-functional team - engineer, design/UX, marketing
36. @paulsingh #moneyball4startups
(NEW) FINANCINGS
Standardized terms
No ïŹxed amounts, no closings, no leads
Continuous, not discrete rounds
Prices beginning to ïŹoat
No Board seats at the earliest stage
Herd mentality and oversubscriptions
37. @paulsingh #moneyball4startups
BY ITS NATURE, THE
INTERNET UNDERMINES
ANYONE WHOSE STATUS
DEPENDS ON
PRIVILEGED ACCESS TO
INFORMATION.
â
-- MICHAEL LEWIS