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How VCs evaluate pre-launch startups + Mycocycle's Joanne Rodriguez | E1540
This Week in Startups
How to Get a 15 Million Dollar Valuation for a Startup
The problem is a lot of founders think highly of themselves. They self select for a group of people with strong carisma, strong egos. So they will believe that they should be funded as if they've already launched the product and have ten paying customers. The three things a founder should worry about are those first three, team, product, customer. But the fourth one we have to look out, which is the deal. If a company's coming into i combinator, tex stars launch accelerator at a two million dollar valuation, you making a hundred k bat to own five or six %, and you can get deluted down to one and a half%. You made a hundred ka bat
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