How To Solve Large Problems

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Startups raising funding should have a grand vision.

That vision must inspire investors to join the cause.

It takes years for the vision to come to full fruition.

To take on a large problem, consider the following:

Start small.

In the early days, the startup will be small and sometimes insignificant.

Solve problems very well.

Look to new technologies and business models to deliver the product.

Tie into market forces that provide a tailwind to your solution.

Focus on the customer, and their challenges and needs.

Avoid direct competition and define the market in a unique way that helps your startup stand out from the crowd.

Launch an initial product as soon as you can.

Take the initial solution and then build on it.

Make it better every day.

Add new features and capabilities continuously.

Over time, the product will grow and will provide more value.

Eventually, the product will solve a big problem.

Every day not spent on building the core product is a wasted day.

It just takes time.

You can accomplish any large problem with time and consistent follow-up.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

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The Role of Intuition in Startup Investing

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Startup investing requires several skills, including business model analysis, domain knowledge, and team evaluations.

The early days of the startup provide only a glimpse into what that startup will be in the future.

Startups often look unable to achieve greatness in the early days, as the team is not built out.

The business case can be difficult to assess because the market is new or the technology behind it is nascent.

While business acumen is the primary tool for vetting a startup, there's also intuition.

Startup investors use their intuition and prior startup investing experience to identify key patterns that lead to success:

Intuition plays a role in startup investing as follows:

Look for evidence that the team has the right mix of skills and motivation to achieve the goal.

Look at how well the product solves the customers' problem.

Look at how profitable the business model is on a unit economic level.

Look at the scalability of their fundamental business model.

These are the key elements that require intuition to suss out the strength of a startup.

Consider these elements in screening startups for investment.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.

Growth Is the Paradigm of the Startup

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Startups are different from small businesses in that they are based on the growth paradigm.

Small businesses such as restaurants and retail are good businesses, but they are not startups.

A startup seeks high growth throughout its life.

Startups build their businesses to foster growth.

Through the products and services they offer to the business models they use, they seek high growth.

Startups often look to technology, in particular disruptive technologies, to foster that growth.

Startups need capital to achieve it.

To be considered for funding, the growth rate needs to be at least 50% or more year over year.

Anything below, and investors will not consider the startup to be in the growth mode.

Startups also need a team that can foster and manage growth.

This high-growth paradigm either takes the company to new heights or sends it crashing down.

In startup investing, look for these drivers of growth in a startup before investing.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.