For the longest time, there has been a stigma around solo entrepreneurs. Y Combinator doesn’t really like solo entrepreneurs. VCs don’t like to fund solo entrepreneurs. So what do you do if you want to do your venture as a solo entrepreneur? I think you should go ahead. If you play your hand smartly, you
Techie founders generally operate in their comfort zones: they like to write code. They often start developing software before they validate with customers. As such, they often build solutions looking for problems. Do NOT write code before you immerse yourself in customers and develop a deep understanding of what pain you are solving.
Sramana Mitra: Now, you talked about the commercial terms. What kinds of terms would you advise people, based on your experience and your learning? What terms do you advise for channel partnerships? What are the secrets of a successful channel partnership?
Sramana Mitra: So, when once you got the $15 million, how long did it take you to get the fresh product out? Alon Jackson: Well, a product is a big word. An MVP or providing initial value—that’s actually an interesting story. It took us two weeks. Sramana Mitra: Two weeks! Tell me more. What did
First time entrepreneurs, for the most part, do not qualify for Concept Financing. If you are hitting up pre-seed VCs in search of Concept Financing, you are wasting your time.