Re:The Struggle for Series A
by ryanSrich on Thursday April 09, 2015 @04:14PM
(#9350692)
I would say it's an interesting post, but lacks quality.
I do believe investors often ask the wrong questions. A lot of them have just been lucky. That's not to say all investors are lucky/asking the wrong questions.
It's a mentality thing. Often times West Coast investors are interested in how you compare to other non-competing but similar businesses. IMO they also focus too much on the sumo and how they might release a competing product, "what would happen to x if bigco launched a similar service"...there's not right answer to that other than...who cares? I think investors should focus much more on how much revenue you make and your potential for growth. Not how you compare to some flashy startup.
I do believe investors often ask the wrong questions. A lot of them have just been lucky. That's not to say all investors are lucky/asking the wrong questions.
It's a mentality thing. Often times West Coast investors are interested in how you compare to other non-competing but similar businesses. IMO they also focus too much on the sumo and how they might release a competing product, "what would happen to x if bigco launched a similar service"...there's not right answer to that other than...who cares? I think investors should focus much more on how much revenue you make and your potential for growth. Not how you compare to some flashy startup.