The data behind the the natural selection process of venture capital. 75% of companies are orphaned or die along the way. 21% get acquired. And the rest (4%) are your potential unicorns.
You cannot be in the startup game just for the funding – 75% of companies are orphaned or die along the way. 21% get acquired. And the rest (4%) are your potential unicorns.
Even then many question true "worth" vs perception of value … if there is a need then you have to commit to asuaging that need…
Met a lady today who kept stressing the "funding out there", When i question her industry figures were sketchy… her assumption was that she had "scholars" and so was primed to access any available funding. Mind you these were scholar
Later I met a gentle man who at first brushed me aside but after 2 minutes speaking to me closed his laptop we ended up in 30 minute convo aaduates! s from institutions currently churning out un employable grnd he made two key intros, and gave me his contact… KNOW YOUR MARKET>>> those that know their market will recognize the VALUE of your idea!
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