TE
TechEcho
Home24h TopNewestBestAskShowJobs
GitHubTwitter
Home

TechEcho

A tech news platform built with Next.js, providing global tech news and discussions.

GitHubTwitter

Home

HomeNewestBestAskShowJobs

Resources

HackerNews APIOriginal HackerNewsNext.js

© 2025 TechEcho. All rights reserved.

10 Phrases That Make Angel Investors Cringe

23 pointsby dksfabout 8 years ago

3 comments

andriesmabout 8 years ago
I think we would have failed at nr 3 (Check out the way this specific feature of the overall product is cool”) we have so many cool features of which we are insanely proud!<p>We are solving several hard problems in ways that make it really easy for our users - this IS our core value proposition.<p>Of course there is a really big market behind all this too, and that is exciting too, but for now it&#x27;s hard to get excited about a 60bn dollar market, when all we have is a couple of users a month raving about how ridiculously awesome our product is, before getting stuck at one of the deeper parts of the system....<p>Because this isn&#x27;t another shallow startup like a SnapChat or a Twitter or an AirBNB (not meaning this in a derogatory sense - rather they are solving rather direct and simple to articulate market needs of end-user consumers, rather than complex business problems)... Its probably far better to self fund and grow organically, which is what we&#x27;ve been doing for the past 3 years.<p>Our strategy isn&#x27;t &quot;try something for 12 - 18 months&quot; and if it fails to get massive traction shut the doors.<p>We know our market is important, we know it is big, what we don&#x27;t know, is whether our approach is something that can crack it, since we are approaching the mountain from a straight up vertical face. (busy looking for alternatives to give us more intermediate profits)
评论 #14134808 未加载
nsnickabout 8 years ago
“We’re going to be co-CEOs” — just decide who’s ultimately running the thing — the company needs a tie-breaker to move fast — I can’t think of one great company that had co-CEOs.<p>How about Atlassian?
评论 #14135334 未加载
pottersbasiliskabout 8 years ago
The exit strategy might be a coastal thing. At wharton, they usually want a rough idea of the exit type as part of the market strategy.