It means validating founder market fit, technology, users, market size, having a clear plan for the use of funds, a picture of the competitive landscape, and a strategy that ties it all together. This is the hard evidence that demonstrates your startup is potentially viable. Validation: The moment you’re ready to raise your first round The vision is a long-term view that guides your business through all of its decision making and will help you stay the course when the waters get choppy.īut the vision is not enough, especially in this market. The vision is what will help you find your co-founder(s), first employees and, later, customers. The vision is the thing that you use to inspire others. The vision is the initial energy and thrust behind the startup – it’s the thing that compels you to found the business. The way I like to think about it is in terms of the difference between vision and validation. Wait too long and there’s a chance your competition gains market share while you are unable to invest in growth. Try and pull the trigger too early and you’ll struggle to get traction with quality capital partners. Before seeking capital, make sure you’ve got the proof to back the vision up.įor many founders, one of the big questions they’re going to need to ask themselves is when they’re ready to raise their first round of funding. TLDR: A vision without validation doesn’t mean much to an investor.
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