Startup CEOs: when framing your competition to investors, recognize that in investors’ eyes, is a hierarchy of competition, from most worrisome to least.
(1) Venture funded startup competitors: investors are extremely worried when there are other venture funded startups trying to solve the same problem for the same customer segment as you are. Many will pass until a clear winner emerges.
(2) Large tech company’s core product: if you are tackling the same problem as a mega cap tech company, that’s the second most worrisome to investors. You better have a multi year lead and some unique competitive advantage / distribution channel, and even that might not be enough to convince investors.
(3) Large tech company’s secondary product: it’s not as worry inducing, bur you’ll still need to have a proactive plan that shows how you will win.
(4) Legacy competitors / manual processes: this is the best case scenario.
Implication: a crowded venture landscape (> 2 companies) clustered around a problem space is one of the most challenging things to surmount.
It's not just one company. And it's not just one firm.
As an investment community, we need to come together to support founders in proactively building safe environments. No excuses.
Very excited to announce a new collaboration with the prestigious @phoenixmagazine. We’re partnering up to highlight the best of what’s happening in #Phoenix https://t.co/KOuLaLEfTD
PNWER is thrilled to announce Congregate Solutions Accelerator's 2nd Cohort! These nine companies will partner with mentors & industry to accelerate resilience in #travel, #tourism, #hospitality, & the #performingarts.
Meet the Cohort & learn more: https://t.co/N6x65xvQAb
Inspired by a buddy of mine, I'm opening up my schedule from 9-10PM PT every Tuesday and Wednesday for office hours. If you're a founder who's looking for advice, pitch deck feedback, investment, or just need someone to empathize with you, here's my cal: https://t.co/dnsteOSW9r
New Drop — Startup Founder Giveaway
We're giving one founder $100K and mentorship from some of the best investors/founders to celebrate the launch of Just Raised with @JoeySweeny (that's how excited we are)
Tag a founder you know deserves to win this
https://t.co/MkLIQEstOA
We’re very fortunate to partner with @LISC_Phx in their local community efforts to bring about positive changes. These awardees are we an inspiration to us all. 🐝🐝
We've been out with @localbuzz_co meeting up with some our 2021 Community Awards honorees. See them get their awards and talk about their community impact. https://t.co/l34UiW0bv0 1/11