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Movyloshop
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Hi Dave,
I'm a mobile serial entrepreneur now launching www.movyloshop.com (SaaS mobile commerce solution).
I have raised money in the past for other start ups and are not bootstrapping it on my own cause the VCs generated more problems than benefits int he past, so I complete agree with you.
But my point is: how do you manage the quickness required for product dev & mktg activites with...the slow fund raising? You can create a viable products in a short time, but it's unlikely that you put it live and get millions people on it. And raising money is a full time job that takes time...even raising small amounts.
That is why all innovations (google, FB, Youtube....) all come from the same locations where the "funnel" is working fine.
I agree that...smaller investments on metrics and smaller way outs are the future, but...at this stage is easier to create a SaaS viable solution than...having it exploding in the short term.
How would you close that gap?
MoneyBall for Startups: Invest BEFORE Product/Market Fit, Double-Down AFTER.
My apologies... this is a long piece (~2500 words). Not for the faint of heart. If you want the short story, read the abstract below & 3 core assertions, then cut to the conclusions at the bottom. Abstract: VC funds are getting smaller (good), & angel investors are growing (also good), but bot...
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Aug 4, 2010
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