First off, the stages of capitalization of a company. What you really have got to get to at that point is being able to show a professional venture capitalist that this is not a science project. This is a business. And the customers in a business model. There's two ways, there's two ways of showing that. One is go get customers, go get revenue, of course. That's the best way to show that. But even more subtle, we're an investor in supersonic and hypersonic jet companies that just have no chance at the time that we're initially investing of having customers lined up. The number one mistake you can make is come tell us everything about
In this episode, Dakin and Peter discuss tips for new entrepreneurs, how to build a successful company and the power of venture capital for the economy.
You will learn about:
- 04:37 | The story of Prime Movers Lab
- 22:25 | The 'do's & don'ts' for new entrepreneurs.
- 35:47 | Ambitious Vs. Conservative: creating balance for your company.
Dakin Sloss is a venture capitalist, founder, entrepreneur, and philanthropist. He is the founder and General Partner of Prime Movers Lab, a VC startup that’s become the world’s leading partner in breakthrough scientific startups.
Learn more about Prime Movers Lab.
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Moonshots and Mindsets