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Is a landing page and people signing up based on a description of the service considered enough for validation?
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Once you had your initial idea what was the next step you took after that?
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What is the best way to find a mentor in Tech Startups in NYC?
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What do I need to learn/read/attend to become an expert in BizDev?
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Is there room for more Biz accelerators/incubators in the startup scene?
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What are the top 2-3 books in the categories of Sales, public speaking and negotiating?
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may i ask one question?
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What is the best way to collect customer feedback?
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What is the best way to get the sand hill road club and other vc's interested in my pitch?
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Put together a great team, build a great product solving a pervasive problem, get traction and have a plan for getting much more in a big market. Then get an introduction to a partner you’d be interested in working with who likes your space from a CEO of one of their portfolio companies. Line up as many meetings as possible with different firms within a 2-3 day window so that VCs will be spurred into action and once you have interest create a forcing function to get them to offer a term sheet, do fast/clean diligence and close the investment.
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Were you afraid of letting any VCs invest in Milo.com? Do you believe you had too many investors who wanted to invest in Milo.com? If you had to do it all over again, would you have chosen less investors?
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I was not afraid of letting VCs invest in Milo but I was very afraid of letting the wrong VC invest in Milo and/or investment structures that would mean I would lose control over the company. I am glad we had many investors. Angel investors generally only want a very small percentage of your company and can add a lot of value to the company over time. In other words you might get the same amount of value out of an angel investor that you sell >1% of your company to vs. a VC that costs you 20% of your company.
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