How To Build a Better Product

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

Having a better product than the competition is no guarantee of success, but it does help with your fundraise.

Here's how to build a better product:

First, understand the customer and the work they must do.

Know the overall process flow and how the customer's job fits within it.

Analyze the customer job to identify how to make it faster, easier, and cheaper to do.

This includes time and dollars spent.

Identify a key insight about the customer problem.

These insights come from working in the industry or holding the job yourself.

Know not only the customer job itself but also the workflow around it.

Design a product that fits the customer flow and provides a faster, better, and cheaper solution.

If you're not in the industry, then take on a consulting job in the industry for a period of time.

This will build not only your knowledge of the job but also the business around it.

It will give you connections in the industry that will be helpful later.

It will also help you understand how to engage the support of others.

Consider these steps in building a better product for your startup.

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

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/
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For Feedback please contact info@tencapital.group

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Music courtesy of Bensound.

On this episode of Investor Connect, Hall welcomes Sophie Winwood, venture capital investor, ecosystem builder, and co-founder of UnlockVC. Based in the UK, UnlockVC is a global community supporting women in venture capital and connecting investors across Europe and the U.S.

Sophie has spent the past seven years in venture capital, including investing at Anthemus with a focus on early-stage companies and fintech. She co-founded UnlockVC to help expand access, networks, and opportunities for women across the venture ecosystem.

Sophie discusses the changing venture capital landscape, diversity in investing, the rise of solo GPs, AI's role in venture workflows, and why strong relationships and warm introductions still matter for founders and investors.

Visit Unlock VC at unlock-vc.com/

Reach out to atwww.linkedin.com/in/sophie-winwood-92526241/, and on sophie@unlock-vc.com

________________________________________________________________________

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.

Startups Fail for Many Reasons

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

Startups fail for many reasons.

Here's a list of the more common ones:

Ran out of cash. This is the most common reason of all.

Could not raise additional funding.

Lost too much business to the competition.

Did not generate enough revenue to make the business model work.

Had a too-high cost basis for running the business.

Didn't hire the right people.

Missed the market opportunity.

The founders could not get along with each other.

Lost interest in the business.

Review this list for your startup.

Consider how to mitigate these risks in your business plan.

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.