Literally Roasting Startups

Trying to help startups with resources, tools, knowledge, and more.

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[Literally Roasting Startups @startuphelp101]

The best investors for your startup are the the ones that have the thesis closest to you. Find investors in your city, in your niche industry, and in your specific stage!
#VC #Startups #LHS #Founders #Entreprenuer

[Literally Roasting Startups @startuphelp101]

There was no 'Market' for smart watches before they existed.
Today smart watches are a $28.5B industry.

If you pitched a smart watch 15 years ago, VCs might have told you there was no market for it.
#Innovate #founders #Startups #LHS

[Literally Roasting Startups @startuphelp101]

When valuations are down and vc money is hard to find, it's best practices to cut staff that don't add to growth or product. You have to adjust given the changing financial health of your startup based on market conditions. #Startups #VC #founder #LHS

[Literally Roasting Startups @startuphelp101]

Don't start out by raising more money than you need. If you try raising a significant round that is more than you need for a reasonable 18 month period of growth, investors will question whether or not you know what you're doing.
Smaller rounds means less risk!
#Founder #VC

[Literally Roasting Startups @startuphelp101]

The best thing you can do when you're trying to get traction and find your product-market fit is to TRY EVERYTHING!
You never know what is going to work out and even the best entrepreneurs in the world are always a little shocked with what things led to success! #founders

[Literally Roasting Startups @startuphelp101]

Product first founders that are in touch with their customers are the best founders to invest in.

#VC #Startups #Startuphelp #Founder #LHS

[Literally Roasting Startups @startuphelp101]

There is no exact playbook for startups. So many people want the secret, but the truth is that there is no single answer for your problems. Startup founders have to understand this in order to be successful.
#Startup #Founders

[Literally Roasting Startups @startuphelp101]

Every successful founder always shares a singular similar part of their stories: The part where they didn't really know what was going to work. Every founder I meet with either has a huge pivot, a strong change to their GTM, or a pricing shake up before they hit success
#Founder

[Literally Roasting Startups @startuphelp101]

The industry overhypes VC money as the silver bullet and that's far from the truth. Founders, open your eyes. VCs say no to 99% of people that reach out to them, so unless you're in the top 5% of startups,there's no shot in hell.

#VCS #Startups #Funding #Founders #Startuphelp

[Literally Roasting Startups @startuphelp101]

The startup industry needs to lose its obsession with investor intros and VCs. Every startup platform solution I see to pair founders with investors is just brazenly holding out these intros as their incentive to sign up. They all try to tell me I'm investable. #Startup #VCS

[Literally Roasting Startups @startuphelp101]

If only I put together the right investment docs will I then get the money I need. That's bullshit. Full stop. Most founders are nowhere close to where they need to be. We need to stop encouraging uninvestable founders to seek funding, it's a waste of time. #VC #Founders

[Literally Roasting Startups @startuphelp101]

Don't forget to do due diligence on investors.
Many founders are so eager and desperate for a check that they don't ever do sufficient research on the investors that they take meetings with.
Make sure to spend a half hour on the fund and investor before meeting with anyone!

[Literally Roasting Startups @startuphelp101]

Marketing tactics change drastically depending on the stage that you're at.
At the earliest stages, try things that aren't scalable. Reach out individually, have your friends do referrals, pay people to use your app. Initial traction is key. Focus on scalability later on. #VC

[Literally Roasting Startups @startuphelp101]

A very difficult thing that good founders do well, knowing when to take advice.
Do take advice from people that see your vision but are critical of your steps.
Don't take advice from people that think your idea is bad.

[Literally Roasting Startups @startuphelp101]

Two of the most exciting traction metrics for VCs are 'low churn' and 'Month over Month growth'.
If you can beat your industry's churn rate and keep your MoM at 5% growth for a couple quarters, VCs will be impressed.

#Startup #Founder #VC

[Literally Roasting Startups @startuphelp101]

$1k giveaway for startups!!!

https://t.co/3OzrD0yal6

[Literally Roasting Startups @startuphelp101]

The best investors for your startup are the the ones that have the thesis closest to you. Find investors in your city, in your niche industry, and in your specific stage!

#VC #Startups #Founder

[Literally Roasting Startups @startuphelp101]

Every successful founder always shares a singular similar part of their stories:
The part where they didn't really know what was going to work. Every founder I meet with either has a huge pivot, a strong change to their GTM, or a pricing shake up before they hit success

[Literally Roasting Startups @startuphelp101]

My hot take on building IRL social based startups is that they're nearly impossible to build well and get critical because they create contrived social scenarios.
People want authentic connection instead of manufactured alignment.

#Startups #VC #Founder

[Literally Roasting Startups @startuphelp101]

Don't forget to do due diligence on investors.
Many founders are so eager and desperate for a check that they don't ever do sufficient research on the investors that they take meetings with.
Make sure to spend a half hour on the fund and investor before meeting with anyone!