Moonshots with Peter Diamandis EP #30 Venture Capital in 2023 w/ Dakin Sloss
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Feb 23, 2023 Dakin Sloss, a noted venture capitalist and founder of Prime Movers Lab, shares invaluable insights for aspiring entrepreneurs. He explores essential tips for pitching ideas effectively and navigating the world of venture capital. Dakin highlights the transformative role of funding in tackling global issues like climate change and mental health. He contrasts ambitious versus conservative approaches in business strategy, while discussing how technology can turn scarcity into abundance. Tune in for a blend of inspiring stories and practical advice!
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Timing is Key
- Timing is the most crucial factor for startup success, according to Bill Gross's research. Companies need enough runway to capitalize on shifting markets and opportunities.
Show, Don't Just Tell
- Show VCs that your venture is a business, not just an idea or a science project.
- Demonstrate this with customers, revenue, or a clear business model.
Customer-Centric Pitching
- Focus on the customer's pain points, not just your technology's features.
- Explain how your product solves a problem for a specific target audience.
