8 ms·
I definitely resonate with this attitude, but I'm unsure how I can raise money from investors like this. And, IMO, raising funds is what will allow me to quit m
by poiuuiop 13y ago
I definitely resonate with this attitude, but I'm unsure how I can raise money from investors like this. And, IMO, raising funds is what will allow me to quit my day job, create a team, and really compete.
- stevenameyer 13y agoFrom my second hand knowledge of investors, I actually believe that competition actually works in your favor when seeking investments. It is a good for establishing that the idea is viable and can really help them understand the product and vision. It's just important to understand what your competitive advantage is and focus on that. As much as people seem to believe that all investors are looking for the next new idea that no one has ever seen before, its not really the truth. They are often looking for a high probability of a return and nothing has a higher probability of a return then something that is already working with a different take or a couple improvements.
- beryllium 13y agoThere's something else that can do that: Revenue. But perhaps this is the wrong forum in which to point that out ;-)