@paulsingh # (500) CHECKLIST Product
solves a problem for a speciﬁc target customer Capital-efﬁcient businesses - operational @ <$1M funding Primarily internet-based distribution - search, social, mobile, local Simple revenue models - transactions, subscriptions or afﬁliate Functional prototype before investment (or previous success) Small but measurable usage - some customers, early revenue Small but cross-functional team - engineer, design/UX, marketing
@paulsingh # (NEW) FINANCINGS Standardized
terms No ﬁxed amounts, no closings, no leads Continuous, not discrete rounds Prices beginning to ﬂoat No Board seats at the earliest stage Herd mentality and oversubscriptions
@paulsingh # THE BUSINESS OF
INVESTING IS ABOUT CHOOSING THE LEAST-WORST OPPORTUNITY NOT TRYING TO PREDICT THE NEXT GOOGLE, FACEBOOK OR LINKEDIN.
@paulsingh ALSO... # Distribution >
Product Tactics > Strategy Notability > Credibility Get on AngelList Raise 12-18+ months of funding Learn the basics of VC economics Don’t confuse due diligence with progress & probability... Shameless plug: dashboard.io