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Feel the Boot
United States
Приєднався 25 лют 2019
Welcome to Feel the Boot: The Science of Startups!
On this channel, I will share the knowledge and skills you need to launch and grow your startup.
I know what it is like. I took my company from zero to a successful exit, and I’ve coached countless other founders.
I will take you down the path from overwhelmed entrepreneur to successful CEO.
I will help you through fundraising, product development, marketing, sales, strategy, and much more.
I believe in straight talk. People call me “the boot” because I don’t sugarcoat the good, bad, and ugly of founding a company. I talk about the hard truths of angel and VC fundraising and strategies for finding success.
Launching a new business puts you on a vertical learning curve. Feel the Boot tells you what you need to know to survive the wild ride of taking a startup to a successful exit.
Please let me join you on this journey and Feel the Boot for yourself!
On this channel, I will share the knowledge and skills you need to launch and grow your startup.
I know what it is like. I took my company from zero to a successful exit, and I’ve coached countless other founders.
I will take you down the path from overwhelmed entrepreneur to successful CEO.
I will help you through fundraising, product development, marketing, sales, strategy, and much more.
I believe in straight talk. People call me “the boot” because I don’t sugarcoat the good, bad, and ugly of founding a company. I talk about the hard truths of angel and VC fundraising and strategies for finding success.
Launching a new business puts you on a vertical learning curve. Feel the Boot tells you what you need to know to survive the wild ride of taking a startup to a successful exit.
Please let me join you on this journey and Feel the Boot for yourself!
🚀 Why Startups Fail: Top 10 Mistakes to Avoid 🚀
🚀 Why Startups Fail: Top 10 Mistakes to Avoid 🚀
🎥 In this video, I dive into the common pitfalls that cause most startups to fail within their first few years. Based on my decades of experience in the startup ecosystem, I share invaluable insights and practical tips to help you navigate these challenges effectively.
👉 What You'll Learn:
1. Market Needs: Understand how to validate the real demand for your product.
2. Running Out of Cash: Strategies to prevent running out of cash before hitting your key milestones.
3. Gaps in the Team: Tips on assembling a team that can pivot and adapt as needed.
4. Competition: How to stand out in a crowded market.
5. Pricing Mistakes: Aligning your pricing with the value you deliver.
6. Prototype to 1.0 Transition: Avoiding the pitfalls of technical debt.
7. Timing Your Launch: Identifying the perfect market entry point.
8. Maintaining Focus: Keeping your startup on track amidst potential distractions.
9. Go-to-Market Strategies: Ensuring you can reach your customers cost-effectively.
10. Co-founder Dynamics: Preventing conflicts that could derail your venture.
💡 Bonus Insight: Learn about "zombie corporations" and how to avoid becoming one.
🔗 Stay Connected:
• 📘 Read the full article for a deeper dive into each topic: [Link to article]
• 💬 Join our community discussion below and share your startup experiences and questions.
• 👍 Like, Subscribe, and 🔔 Ring the bell for more insights from Lance.
🌟 Whether you're a budding entrepreneur or a seasoned founder, this video is your guide to avoiding common startup mistakes and steering your venture toward success. Let's get your startup on the path to thriving, not just surviving!
#StartupAdvice #Entrepreneurship #BusinessStrategy #LanceCottrell #StartupSuccess
Read the blog ftb.bz/106B
Listen to the Podcast ftb.bz/Podcast
Subscribe to Boot Prints ftb.bz/Join
The Van Westendorp Price Sensitivity Meter en.wikipedia.org/wiki/Van_Westendorp%27s_Price_Sensitivity_Meter
0:00 Intro
1:20 Market Need
2:40 Running Out of Money
4:40 Gaps in the Team
7:10 Competition
9:44 Pricing Problems
13:45 Prototype to 1.0 Failure
16:05 Poor Timing
19:04 Loss of Focus
21:15 Go to Market Failure
24:44 Co-founder Conflict
29:03 Zombie Corporations
Lance Cottrell has been an active startup advisor and startup mentor for over a decade.
He has helped countless startups navigate the key decisions of their journey, like when to take venture capital investment and negotiating term sheets.
He works with many companies in accelerators like Y Combinator and Founder Institute.
He provides help with startup funding including raising venture capital and angel investment.
He can help you achieve liquidity for your company at a high valuation.
Feel the Boot is a startup vlog of tips and advice for early-stage founders.
🎥 In this video, I dive into the common pitfalls that cause most startups to fail within their first few years. Based on my decades of experience in the startup ecosystem, I share invaluable insights and practical tips to help you navigate these challenges effectively.
👉 What You'll Learn:
1. Market Needs: Understand how to validate the real demand for your product.
2. Running Out of Cash: Strategies to prevent running out of cash before hitting your key milestones.
3. Gaps in the Team: Tips on assembling a team that can pivot and adapt as needed.
4. Competition: How to stand out in a crowded market.
5. Pricing Mistakes: Aligning your pricing with the value you deliver.
6. Prototype to 1.0 Transition: Avoiding the pitfalls of technical debt.
7. Timing Your Launch: Identifying the perfect market entry point.
8. Maintaining Focus: Keeping your startup on track amidst potential distractions.
9. Go-to-Market Strategies: Ensuring you can reach your customers cost-effectively.
10. Co-founder Dynamics: Preventing conflicts that could derail your venture.
💡 Bonus Insight: Learn about "zombie corporations" and how to avoid becoming one.
🔗 Stay Connected:
• 📘 Read the full article for a deeper dive into each topic: [Link to article]
• 💬 Join our community discussion below and share your startup experiences and questions.
• 👍 Like, Subscribe, and 🔔 Ring the bell for more insights from Lance.
🌟 Whether you're a budding entrepreneur or a seasoned founder, this video is your guide to avoiding common startup mistakes and steering your venture toward success. Let's get your startup on the path to thriving, not just surviving!
#StartupAdvice #Entrepreneurship #BusinessStrategy #LanceCottrell #StartupSuccess
Read the blog ftb.bz/106B
Listen to the Podcast ftb.bz/Podcast
Subscribe to Boot Prints ftb.bz/Join
The Van Westendorp Price Sensitivity Meter en.wikipedia.org/wiki/Van_Westendorp%27s_Price_Sensitivity_Meter
0:00 Intro
1:20 Market Need
2:40 Running Out of Money
4:40 Gaps in the Team
7:10 Competition
9:44 Pricing Problems
13:45 Prototype to 1.0 Failure
16:05 Poor Timing
19:04 Loss of Focus
21:15 Go to Market Failure
24:44 Co-founder Conflict
29:03 Zombie Corporations
Lance Cottrell has been an active startup advisor and startup mentor for over a decade.
He has helped countless startups navigate the key decisions of their journey, like when to take venture capital investment and negotiating term sheets.
He works with many companies in accelerators like Y Combinator and Founder Institute.
He provides help with startup funding including raising venture capital and angel investment.
He can help you achieve liquidity for your company at a high valuation.
Feel the Boot is a startup vlog of tips and advice for early-stage founders.
Переглядів: 365
Відео
106. Why Startups Fail: Top 10 Mistakes to Avoid
Переглядів 64День тому
🚀 Why Startups Fail: Top 10 Mistakes to Avoid 🚀 🎥 In this podcast, I dive into the common pitfalls that cause most startups to fail within their first few years. Based on my decades of experience in the startup ecosystem, I share invaluable insights and practical tips to help you navigate these challenges effectively. 👉 What You'll Learn: Market Needs: Understand how to validate the real demand...
How to Make Your Startup Elevator Pitch Effective 🚀 and Get Venture Capital Investment
Переглядів 311Місяць тому
How to Make Your Startup Elevator Pitch Effective 🚀 and Get Venture Capital Investment Mastering Your Elevator Pitch: Tips for Startups In this episode of 'Feel the Boot,' Lance Cottrell shares essential advice on crafting an effective elevator pitch to capture the interest of potential investors or partners quickly, stressing the importance of brevity, clarity, and engaging storytelling. He em...
Negotiation skills 🤝 for startup founders
Переглядів 354Місяць тому
Negotiation skills 🤝 for startup founders Critical skills and techniques for effective negotiations. This video is tailored for startup founders looking to enhance their negotiation skills. It emphasizes the importance of negotiation in various aspects of running a business, including dealing with investors, vendors, customers, employees, and co-founders. I know that many founders may lack expe...
Better than TAM SAM SOM 🚀 startup market sizing
Переглядів 1,4 тис.2 місяці тому
Better than TAM SAM SOM 🚀 startup market sizing Lance Cottrell, host of Feel the Boot, explains the importance of understanding TAM (Total Addressable Market), SAM (Serviceable Available Market), and SOM (Serviceable Obtainable Market) in startup pitches to investors. He emphasizes the necessity for startups to convincingly present their market opportunity in terms of potential revenue to attra...
Testing Startup Ideas and Assumptions ⚖️ John Li of PickFu Interview
Переглядів 2453 місяці тому
Testing Startup Ideas and Assumptions ⚖️ John Li of PickFu Interview In this interview, John Li, the co-founder of startup PickFu, discusses the innovative concept of his company as a digital focus group for businesses. He walks us through their transition from a physical product to a software solution after observing a growing need for unbiased design feedback. John also shares interesting cus...
Decoding Startup Sales Strategy 🧐 Michael Regnier Interview
Переглядів 4014 місяці тому
Decoding Startup Sales Strategy 🧐 Michael Regnier Interview
Surviving a Startup 'Heart Attack' 🫀 Episode 100!
Переглядів 3575 місяців тому
Surviving a Startup 'Heart Attack' 🫀 Episode 100!
The 10x rule 🌟 Why better is not enough
Переглядів 3405 місяців тому
The 10x rule 🌟 Why better is not enough
98. Startup Fundraising Facilitators Surviving the Pit of Serpents!
Переглядів 7День тому
98. Startup Fundraising Facilitators Surviving the Pit of Serpents!
Startup Fundraising Facilitators 🐍 Surviving the Pit of Serpents!
Переглядів 6926 місяців тому
Startup Fundraising Facilitators 🐍 Surviving the Pit of Serpents!
🤯 Exposing the top reasons for fast angel investment rejections
Переглядів 9 тис.7 місяців тому
🤯 Exposing the top reasons for fast angel investment rejections
Startup Privacy Policies 🥷 What you need to know about GDPR, CCPA and beyond!
Переглядів 3158 місяців тому
Startup Privacy Policies 🥷 What you need to know about GDPR, CCPA and beyond!
Startup Pitch Deck Review 🔥 18 Sept 2023
Переглядів 1,1 тис.8 місяців тому
Startup Pitch Deck Review 🔥 18 Sept 2023
You’re delivering your pitch deck ask slide wrong 🤯 What you should say instead 😎
Переглядів 7888 місяців тому
You’re delivering your pitch deck ask slide wrong 🤯 What you should say instead 😎
Escape the Startup Paradox 😬 MVP Without Venture Capital
Переглядів 1 тис.9 місяців тому
Escape the Startup Paradox 😬 MVP Without Venture Capital
Startup Branding and Positioning 🔥 Mara Rada Interview
Переглядів 23610 місяців тому
Startup Branding and Positioning 🔥 Mara Rada Interview
Economics of Angel Investing 💸 Angel Investing 101
Переглядів 70310 місяців тому
Economics of Angel Investing 💸 Angel Investing 101
Non-monetary Startup Rewards and Recognitions 🥳
Переглядів 19611 місяців тому
Non-monetary Startup Rewards and Recognitions 🥳
13 Key Considerations for Evaluating Angel Deals 💰 Angel Investing 101
Переглядів 658Рік тому
13 Key Considerations for Evaluating Angel Deals 💰 Angel Investing 101
Non-Dilutive Startup Fundraising 💰 SBIR Grants for Innovation
Переглядів 521Рік тому
Non-Dilutive Startup Fundraising 💰 SBIR Grants for Innovation
How does investing in startups work? 🤷 The Friends and Family Round 👪
Переглядів 1,8 тис.Рік тому
How does investing in startups work? 🤷 The Friends and Family Round 👪
How to explain the 👪 Friends and Family Round 🤷
Переглядів 2,6 тис.Рік тому
How to explain the 👪 Friends and Family Round 🤷
BoD vs. Shareholder ⚖️ Startup Corporate Governance
Переглядів 1,3 тис.Рік тому
BoD vs. Shareholder ⚖️ Startup Corporate Governance
Live Startup Fundraising Q&A and Feedback 💰🔥
Переглядів 311Рік тому
Live Startup Fundraising Q&A and Feedback 💰🔥
🤑 How venture capital kills startups ☠️
Переглядів 1,2 тис.Рік тому
🤑 How venture capital kills startups ☠️
Startup 2023 🎉 trends opportunities and plans
Переглядів 516Рік тому
Startup 2023 🎉 trends opportunities and plans
Thank you for this series. I am just at the beginning but this is great. I want to become an angel investor. I have invested in one startup before (really almost with no money) and I really like this. I don't want to do a startup myself as like you said I don't want to put in the hours and the stress that comes with it but I just get excited about new things and ideas as well as act as a mentor/advisor alongside. Can't wait to get more into the angel game over time :)
So good content!!! Thanks!
Glad you liked it!
Great channel❤
Thank you!
I'm developing a financial application and building a brand. How many users or revenue until someone buy it for $1,000,000?
It's hard to put a number on it. The better question is who would buy it and why? Once you understand the motivations of the buyer, you should have a feel for where you need to be before they are interested. For example, if they want tech or intellectual property, the number of users does not matter much. In general, you don't see many $1m sales other than Acqui-hires.
Omg - i am exactly at stage when we move from MVP to 1.0 and it's hell. Its literally hell. I have even clients paying me - but they just dont see how much mess i fight everyday. i am really think to rise moey just becouse of it!
I feel you! It is such a hard transition!
New founders !!! Take notes✍️
Thanks for the support!
Some people think that a positive attitude will assure their success. I learned a long time ago that the key to success is to think and think and try to find problems in the game plan, and then try to solve these problems ahead of time. Always look out for Murphy's Law. SphereMotor
Glad your back!
Thanks!
Thank you for dealing with your imposter syndrome in order to help me dealing with mine. As obvious as it is, it’s necessary to listen to the obvious over and over again. 😉
Thanks, I think we all need a reminder about it from time to time!
Tremendous! super useful. thank you.
Fantastic, thanks!!!
When I see videos like this one, I'm mildly disgusted. This is not advice! I'd put it on the sheer arrogance shelf. Having talked to a number of investors, I can tell the difference. Only a fraction of all pitches will get invested in - we know, and there's no initial threshold that spares investors from the less investable proposals, so they get a lot of these. But whining around about the burden of reviewing other people's work - well, that's your job description. In the end, angel investors seek to make a profit. Reviewing pitches is not charitable work, and investors are responsible for their own deal flow. If sitting around and waiting for pitches is your model - go with it, but spare us the whining. There are plenty of videos that give very valuable and actionable advice to pitchers, and being a bit clueless is ok. Pitching startup ideas is not what founders usually do - they should be all about building their ideas.
Did you actually watch the video??? I am not complaining about reviewing companies. I am trying to help founders avoid quick elimination as investors make that first pass through the slush pile. Which of these things do you think are NOT issues that get companies quickly rejected by most investors? Are there things here you think founders should not worry about? It seems that you are reacting to the title/thumbnail rather than the content (which is your perogative).
Did you actually watch the video??? I am not complaining about reviewing companies. I am trying to help founders avoid quick elimination as investors make that first pass through the slush pile. Which of these things do you think are NOT issues that get companies quickly rejected by most investors? Are there things here you think founders should not worry about? It seems that you are reacting to the title/thumbnail rather than the content (which is your perogative).
@@FeeltheBoot Unfortunately, I even re-watched a part to be sure. With minor exceptions, like the C-Corp part, you are not giving actionable advice. A founder trying to land "some" startup thing might be flexible in all directions and produce alternative pitches in rapid succession. A genuine founder will be locked into one idea at a time, which might be more or less investable. Those pitches might A) be not fixable, B) be not your investment category, C) require pivoting to be investable, D) require re-dressing, or E) be straightforward investable. There is no constructive advice you can give to A) and B). C) and D) have nothing to learn from your video except your attitude. There is way better content out there that is genuinely helpful, and some of the topics you've touched like valuation, are to such a degree subjective (and vaguely presented) that either you see the potential and sit down together to fix it - we're talking about angel investment here, or you send those candidates to the next investor. Investors themselves are responsible for efficiently managing their funnel, and if you're feeling overloaded with A) and B) - that's your problem, fellow investors might show some compassion. On the risk/profitability side - above some reasonable threshold, your risk appetite reflects your existing portfolio. Either it's so good that you don't need to go subpar or it's rather not and you must play it a bit safer. This video is mostly about you and your funnel - little to nothing to learn for founders.
@@michaela.178 thanks. I will take your feedback into consideration in future episodes. I am currently working on #106.
@@FeeltheBoot Chapeau! I am confident there will be fans.
THANK YOU! Super clear and helpful.
Great to hear!
Great to hear!
intresting that this video is actually most viewwed on channel. say a lot that lack of feedback from angles is actually important.
Absolutely! Investor mindset and decision-making processes are opaque and confusing to most founders!
0 trust
????
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
“Angela Lynn Shilling’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
This is an awesome video. Thanks for making. I am curious... What happens to the remaining 4m shares of the 10m created and how does it get used up since new classes of shares are created for investors?
It can be used for option or stock grants to founders, advisors, and employees. If some shares never get issued, that is just fine.
I invested in [then] Vidangel during its debacle with Disney. I have also invested in several crowdfunding campaigns: His Only Son, Live Not by Lies and David. I would like to "cash out" my investment in "Vidangel Init" at this time. Does anyone know how to do this? How do I know whether I actually have "stock" at this point? I know from the Angel Investors site that I have "1333 units."
In general, you can't cash out until you exit. In some cases, successful but still private companies may let you sell some shares on the secondary market. If the company's records show that you own stock, then you do.
Music background is bad
I heard that from others as well. Newer episodes don't have it.
My understanding is that preferred stockholders do not have voting rights.
For public companies, some preferred stock can’t vote. Preferred shares issued to angel and VC investors almost always have voting rights, often even enhanced voting rights as compared to common stock.
Pitching a guy today that I want to join the team. What do you think about a variation like: “We’re building a better version of (insert archaic product)”?
That can work as long as it is obvious why the existing archaic solution is a major problem, and you can quickly follow up with why you are far better from a benefit to the customer perspective.
The best video I seen for this, thanks!
Wow, thanks!
Dang, not much is gonna give you 50x in 5 years.... lol. These are devil investors.
About 1 in 20 startups with high growth potential and large market opportunities hit that benchmark. That is how the VC model works. Because of the high failure rate of startups, if the winners don't deliver those kinds of returns, then the investors are losing money over all (and thus would leave their money in the public markets). It's not reasonable to ask investors to be charities.
Hi Lance, thanks for making this video. My two person company is building a costly prototype and has no revenue (because we're still designing the product). I was struggling with how to make financial projections with no revenue to base them on, but you've eased some of my concerns. Thanks!
Glad it was helpful!
Oh, wow, this video is so incredibly helpful. Thank you very much for the invaluable information. I was feeling a bit lost, and this gave me so much more clarity and confidence moving forward in our project!
Wonderful! That's great to hear!
What if the investors were partners that also did their share of the work? That way you wouldn't need to pay corporate tax, you could keep more of the net profits.
Most startups don't pay any corporate tax because they don't make any profit. All the revenue gets plowed back into the company. The investors are paid at exit, at which point they are usually only paying long term capital gains rates. As a founder, that's your big payout as well. Most founders only take enough salary to cover their needs.
@@FeeltheBootI really never thought about an exit. You are right. If the Delaware C-Corp makes $20,000,000 in profit and it goes public, the stock value could easily go to a billion. Although taking the appropriate salary and paying a giant amount of taxes until the exit comes, would be, so very painful. I really do appreciate your reply.
If I was going to make a sales pitch, I would start with how and why the investor has a good chance of becoming very rich by investing. I would also talk about the profit for every unit sold. Then I would talk about the potential for millions of sales. Then I would talk about why the product is so revolutionary and why it is needed. There must be a better way, then paying corporate tax, then paying the investors and then getting taxed again on the money you pay yourself. It comes out to a faction of the net profits. SphereMotor, the future of electricity.
Sounds like: Market Opportunity, unit economics, problem/need, solution.
Hello, I'm bazgo. I'm the CEO of X. We democratize access to breakfast foods.
🤣
I'm so happy I found this channel. It's got incredible and concise insights for founders. Happy to sub and support!
Awesome, thank you!
Dang! What a solid 4 minnutes, I literally watched it 10 times so far!
Thanks so much; great to hear!!
Hi, What if the investors equity dilutes each year as well as the founders, after each round. Is that a good deal for an investor or no?
Great question. Investor dilution alongside the founders is how it usually works. Once they have shares, they are impacted by the company issuing new shares in exactly the same way as the founders and everyone else. Some investors will ask for "anti-dilution" provisions. Founders should push back hard on that. In a down round, it could cost them most of the company.
@@FeeltheBoot thank you for answering. The number of shares remain the same through each round. So the value of the shares is increasing but the equity % is decreasing. When do investors actually get paid because the business is too small to pay dividends.
@@chichi0000 the investors make money when the company is acquired by a larger company, or goes public with an IPO. At that point they can sell their shares which should be worth far more than they paid. Typically, investors have to wait 7-10 years before they see anything.
@@FeeltheBoot Thank you, you've taught me a lot :)
Last question please: do I need a lawyer when signing a safe note contract?
Great channel, quick question regarding the angel return stats shown at 4:00 going from 0% to 6% etc. Where is that from? Not clear to me which part of the report says that
This whitepaper has the underlying data and charts. angel.co/pdf/lp-performance.pdf?ajs_aid=de24a362-8888-4136-8019-f7d766fe8f91&_ga=2.96450268.1134267254.1714157517-1517902434.1702322116
I am a founder who just found your channel and I immediately liked and subscribed. Being in the early stage (prototyping) is a very humbling and lonely stage... but listening to your content helps a lot.
Thanks, great to hear!!! Best of luck with your startup! It can be lonely, so look for a community where you can. The entrepreneurial ecosystem is generally very warm and supportive.
Lance Cottrell's contributions to the startup ecosystem are truly inspiring, and his unwavering support undoubtedly leaves a lasting impact on the entrepreneurs he guides. Keep up the fantastic work!
Thanks!! 😃
#5 applies to most of the "AI" related startups I've seen. Seems like too many companies are just injecting fine-tuned LLMs into existing processes and pitching it as something new, when in reality it's fairly low effort. Especially in the business intelligence field🙄. This is just my opinion at least, maybe I'm just a negative guy. My question is whether you think that the current AI investing craze is taking all the oxygen out of the room for software startups that use traditional algorithms to solve problems instead of AI. Is it now a requirement to have a large language model incorporated somewhere in your product?
I completely agree with your observation! LLMs with access to restricted data or training have potential. Skins on existing LLMs are doomed. The key is always results, not methods. If you produce better value using something other than LLM, that should win. I suspect LLMs will be at least part of almost everything in a few years. Startups won't brag about using AI because it will be basic table stakes. It would be like saying, "We have a website!" now.
@@FeeltheBoot Do you have a technical background?
Yes I do! 🤓 I dropped out of my Ph.D. in Astrophysics with a 2/3 written thesis to found Anonymizer.com.
i personaly belive there is not enought such companies - it shoudl be 10k+ compaines who impliment AI right now to all process possiblу - ис benefit is usually huge.
@@sguploads9601 I agree that almost all companies should be leveraging AI and LLMs. However, there needs to be more to the company than a wrapper around an existing model. That is far too easy to duplicate.
Looking sharp sir. Agreed. A good way to prevent becoming a bosshole is to do the job yourself. The very exact premise of the tv show. Undercover Boss. The bigger the bosshole, the more clueless the day to day becomes, or has been. Nothing worse than a back office bosshole. Except a backseat driver, although you can tell them to STFU
True! My main point is that we tend to be extremely hard on ourselves in our own companies.
is it a strike against the pitch if the team includes people related to you by marriage, even if they're extremely capable individuals?
That's a great question. It varies a lot between investors. Some worry that if the couple's relationship breaks down, it will tank the company. My perspective is that is true of any co-founders and married couples are not at greater risk. You should show why these people would have been chosen as co-founders regardless of their relationship.
I don't understand, can't angels get dividends?
There is no legal restriction on Angels receiving dividends, but they generally don't want to. They would rather have the money put back into growing the company towards a big exit. The generally small returns from dividends won't compensate for the extremely high risk of the investment.
@@FeeltheBoot oh, well that's sweet of them. thank you for the prompt response
I don't know about the rest of you, but I can always spot a tough negotiator a mile away. I just say no and politely excuse myself. Finding people that just want to put in the effort and do what is fair and right is hard to find these days, but they are worth the wait. I believe the founding investor in Apple was that kind of person. If a tough negotiator gives you a headache in the beginning, they will also give you a headache in the end. How does that cheer go? Be authentic, be, be authentic! SphereMotor, the future of electricity
I could not agree more!
Thanks!
The trucking one is actually a really good idea. Best of luck to them.
Agreed!
I'm in this boat right now, but I haven't tried to raise any money yet (working on the pitch deck). It's a SaaS solution... I'm bringing some developers on for equity only right now, but funding would sure speed it up.
How are you planning to navigate the paradox?
@@FeeltheBoot I have a technical co-founder who can do some of the development and we are bringing on 3 developers for equity only to get the product built. The frustrating thing is that with a small investment ($50-100k) we could get this built in a few months by utilizing some developers off shore (direct hire, not outsource).
You might look at debt options. In Northern California, I have seen a few companies get $50k from Working Solutions www.workingsolutions.org/ to get them over that hump. There are Community Development Financial Institutions (CDFI) in most areas of the US.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Dunker762 However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@@Lourd-Bab Oh please I’d love that. Thanks!
@@Dunker762 Judith Ann peace is her name
Lookup with her name on the webpage.
Thanks for suggesting I watch this video, Lance. Very helpful! Now my Market Opportunity slide wont confuse my potential investorsas much as it confused me trying to put it together!
Fantastic! So glad it helped!
I am a year late to this but wanted to say it's great! Easy to understand while at the same time providing more useful details than other videos on this topic (that are filled with confusing jargon)
Great to hear! I try to keep things simple and include everything you need to know! Most of these episodes are evergreen, so it doesn't matter when you find them. 😁
Any good examples of a public company that has aligned their SAM, SOM TAM with their timeline/revenue projection?
For public companies, this would usually happen when they are giving earnings guidance. I have not seen them talk in terms of TAM-SAM-SOM, though. They do talk about projected growth and the size of various opportunities.
The strategy of starting from launch market, expansion market and then total market sounds more practical and make it feel much easier! Thanks Lance.
Excellent! It certainly works better for me as an investor.
phenomenal video, helping me with my pitch deck for a college pitch competition!!!!
Fantastic! Let me know how it goes!
This is the best thing that I learned! Truly invaluable!
Can we talk sometime? How do I contact you?
I have a few options at ftb.bz/advising
Horrible music 🎵
The music is gone in the most recent episodes.