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Michael Seibel – Lessons from Thousands of Startups - [Invest Like the Best, EP.190]
Invest Like the Best with Patrick O'Shaughnessy
How Do You Interface With Investors?
In the age of soft for much less money, you 're able to have much more confirmation from your customers as to whether or not you are solving a problem that they have. When you're pitching an idea and you have no background or no experience, you have almost no leverage over an investor. The folks who can basically get a product up in running in some way shape or form, and get a couple customers, the first hend customers to love the product and pay for the product,. They have far more leverage when trying to convince an investor that this product might be a thing. This company is not dependent on the investor to exist. I think that's kind of what people absorb out...
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