Sunday, March 24, 2013

Startup funding ACID test

What does it takes to get a deal funded (Henry H Wang) -
1/ Team. have a team with the right skills, experience, and that gets along.
2/ Address a huge market. Addressing a small market is risky if you miss the perfect sweet spot.
3/ Technology. Your technology must be a barrier to entry either by difficulty or existing IP
4/ Customers - can hyou name anyone who would want your product?
5/ Connections. Do you have any special connections to potential customers
6/ Financials. why would the numbers work?

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