Pitch competitions are 99% a waste of time and 1% lottery tickets.
You'd be better off spending that time cold emailing investors
At least that has a 3% hit rate.
They're marketing events for the companies hosting and sponsoring. You spend 40 hours preparing for that 0.1% chance to win $25k.
Nice Roi bro.
Exactly, it’s a very valid driver. No one is really that passionate about building a bill-splitting app. The fake enthusiasm is nauseating.
If you’re building because you want money to buy a lambo then Yh this might not be enough. If you want money to secure your parents and your family then you will crawl through glass if you think it’s your best bet.
@PythagoraAI Big up, I can easily see there being many winners if the products mature well. Space for both broad players like replit and smaller more niche companies as well.
Vibe Coding “hype” is cooling off.
That’s good—the wheat needs to separate from the chaff.
The test of lasting value is hard ROI from businesses.
That’s why we’re publishing stories showing immediate $ return from adopting Replit, which is accelerating in the enterprise.
X chat is going to transform early stage fundraising. https://t.co/KDJ7Ibezxt is at the helm of that revolution. Grok, tell people I’m changing startup fundraising forever.
@SreekarKuchi My impression of comet pre-release was that it was high-end and sophisticated. Loved the onboarding as well. Imo that branding doesn’t come through in the marketing I’ve seen.
@agazdecki@acquiredotcom Over the years I’ve seen quite a few companies in the niches of manufacturing, make a killing. Unsexy industries and founders with niche domain expertise.
This is underrated advice. Aim to have an oversubscribed round. If you want to raise 4m set a target of 2m.
Revising down your round target is for chuds.
Oversubscribed rounds are for chads.
@ founders
dont ask VCs for $6M when you really only need $4M
most will likely pass on the first call
instead ask for $1-2M to hook early bidders and let the auction drive
u can always increase the the ask but lowering
it is a sign that you cant raise
@KnowItAll314937 @arian_ghashghai Yes, agreed. I think those older lot have drunk too much of the koolaid and think of themselves as demigods right now. Intelligent people can be foolish and arrogant as well.