Re:Anatomy of an (un)fundable startup
by dchuk on Friday August 31, 2012 @02:59AM
(#4458610)
1. Traction
2. Team
3. Product
4. Social Proof
5. Pitch/Presentation
Unless #1 (traction) implies some sort of revenue, this list is absolutely bullshit. Sure, if the goal is to enter the ponzi-scheme-esque world of VC rounds then I suppose it's acceptable to avoid actual profitability in the effort to grow the userbase.
But if you actually plan to run a big boy business, it's probably a good idea to put revenue above all other items in the list.
Unless #1 (traction) implies some sort of revenue, this list is absolutely bullshit. Sure, if the goal is to enter the ponzi-scheme-esque world of VC rounds then I suppose it's acceptable to avoid actual profitability in the effort to grow the userbase.
But if you actually plan to run a big boy business, it's probably a good idea to put revenue above all other items in the list.