I have been running the 1Mby1M global virtual accelerator since 2010. I find myself saying to entrepreneurs ad nauseam that VCs want to invest in startups that can go from zero to $100 million in revenue in 5 to 7 years, which is hypergrowth.
There is too much money chasing too few venture scale deals. As a result, sometimes, VCs fund deals that should not be funded to appease their Limited Partners. And then, they drive these ventures to failure. Let me explain. Let us say, you have been successful in raising $5M in venture capital.
Are you struggling with attracting customers? There’s a very good chance that your Positioning is off. Positioning drives Product Market Fit (PMF). You HAVE to get it right. Let’s discuss how.