For next week, determine the valuation of the company.
Meet the VC, ask for money how much is needed for the next milestone and how much is the share you’re willing to give.
Workshop
Better communication
Communicating the message of the product/service better
Create a presentation deck
Communicate clearly about the hypothesis
Clarity is more important than certainty
Are you clear about what you know about your business today?
The value of a photograph doubles over time.
At the moment of a moment’s capture the value to the owner is close to zero.
It’s only for sharing directly to someone.
It’s only for posting indirectly to an audience.
It’s a smile-maker or a cringeworthy cue.
Its value to machine learning is immense and future-proof.
Its value to content aggregation is in-valuable.
And in the day after, while being stashed away it brews.
And in the day after next until another generation is born a moment captured is a moment created.
Driving along a highway. At hundred twenty. It feels like god is watching you. The auto – buck naked – it’s only the chassis, the steering wheel, the seat, and you. You feel invulnerable in that speed because you see the rain speckles streak upwards yet you don’t feel the violent current of air that you’re piercing into.
But you are afraid of losing control. Afraid of vanishing from the story of other people’s books. And what about when others lose control?
Shift in second gear and pulse the brakes. “Never drift,” my brother told me at a downwards spiral parking lot.
Shift in first gear. “Reverse and full throttle,” my brother told me as I drifted back a steep slope.
A mix and match of speed, acceleration and deceleration. A calculation of distance. An anticipation of others in movement, in stillness. And I wondered how a school of fish would sway in unison.
Only for today we all share this road with one another. With things, with animals, with people.
And aren’t we all dreaming of home? Of good night’s sleep?
I sit in the dark of ten p.m. A desolate intersection, a face aglow of stop waiting to go.
Huge companies spending a lot of money just to get their message to you.
Huge companies are afraid of disruptions from startups.
Acquisition Strategy
Funnel Drawing
Recap of last week’s topic: funding lifecycle
Designing the Product/Service to see Product-Market Fit: metrics is Desirability (how the customers feel about your solution? Would they recommend the product to other people, if not, why not? On a scale of 1 to 10. To see if there is a strong Product-Market Fit to the point that they would recommend.)
Designing the Business (channels, acquisitions, delivery) to see Feasibility and Financial Viability; this is where revenue will come in.
Validation stage: Learning not Earning
