The first question cannot be answered as asked. The starting point is agreement on how the investors are to get their money back. Neither you nor your attorney should attempt to value the business. Who you turn to depends on the business itself. There are norms available even for pre-revenue f...
First, congrats on getting to MVP stage! Second, since you have a minimum viable product - what you need at the moment isn't investors or cofounders - it's users! I'll strongly urge you to spend your time getting your product in front of your target users, and gathering feedback diligently. ...
There's no set-in-stone formula. The answer depends on the degree to which implementing a revenue model would potentially cause a mass user exodus. A) If implementing a revenue model would obviously cause no problems, then investors might be ok with Camp 2. B) If a reasomable person might thin...
I respectfully disagree with Lane. I don't think that his suggestions are going to to yield results for this site. A 200,000 rank on Alexa isn't actually traction. Sign-ups by themselves aren't worth much until you get to the high tens of thousands, and even that number isn't worth much in a...
Long story short: they should be written in your tense, since they are actually written by you, on your behalf. When asking an acquaintance for an intro, make sure you provide enough context for your acquaintance to justify making the connection: - clarify how you're connected; - mention the na...
Yes, I did exactly that a few years back. A friend of mien and I launched a site with minimal functionality that was really just a landing page. We offered the opportunity to pre-buy a year's subscription to the service by allowing users to set their own pricing. Within the first 24 hours of t...
Start by triangulating all of your prospects (via Crunchbase, Angel List, and LinkedIn) with those angel and VC firms located in cities that do a lot of investing in the healthcare sector—e.g., San Francisco, Boulder, Nashville. Then, start connecting with founders/executives of those firms' port...
It depends how clear your idea value is without it, or with a rough one, or mock ups vs polished. There are a few goals you are trying to conquer with a prototype, overall its about concept clarity and valuation. 1. customer/investor acceptance: "i want that" 2. customer feedback: "you should ...
Hell no. I've been in the startup world since 1995, and no one has ever asked me for such a thing.
It looks like you're not looking for someone who can scale and become a full fledged CTO (or you might not even need one), so try to look at it as a founding engineer hire instead. With early founding engineers, you can sell them on things like: - opportunity for learning - understanding busin...