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The Fourth VentureConnect Edition.
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@emigal | www.emigal.com
A startup is a bit like Poland during WW2(but without the support of Britain & France)
@emigal | www.emigal.com
Everything that can go wrong, will.NO, REALLY. IT WILL.
@emigal | www.emigal.com
Three things that will give you ULCER
@emigal | www.emigal.com
Three things that will give you ULCER
THE PRODUCTWILL SUCK
(one way oranother)
@emigal | www.emigal.com
Three things that will give you ULCER
THE PRODUCTWILL SUCK
(one way oranother)
RAISING MONEYWILL HURT
(like, quiteliterally)
@emigal | www.emigal.com
Three things that will give you ULCER
THE PRODUCTWILL SUCK
(one way oranother)
RAISING MONEYWILL HURT
(like, quiteliterally)
YOUR ESTIMATESWILL BE WRONG
(all of them,without doubt)
@emigal | www.emigal.com
Why I’m here today
Over the past six years,I’ve founded, invested or been involved with:
For the past two years, I’ve been living in London(and I’ve learnt a lot from that).
@emigal | www.emigal.com
So, let’s talk about the product
@emigal | www.emigal.com
The Product is Awesome
(but nobody uses it)
So, let’s talk about the product
@emigal | www.emigal.com
So, let’s talk about the product
The Product is Awesome
(but nobody uses it)
@emigal | www.emigal.com
So, let’s talk about the product
The Product is Awesome
(but nobody uses it)
Wait.
@emigal | www.emigal.com
So, let’s talk about the product
The Product is Awesome
(but nobody uses it)
Wait. Iterate.
@emigal | www.emigal.com
The Product is Awesome
(but nobody uses it)
Everyone wantsthe product
(but the productsucks)
So, let’s talk about the product
@emigal | www.emigal.com
The Product is Awesome
(but nobody uses it)
Everyone wantsthe product
(but the productsucks)
So, let’s talk about the product
@emigal | www.emigal.com
The Product is Awesome
(but nobody uses it)
Everyone wantsthe product
(but the productsucks)
Improveit as fastas youcan.
So, let’s talk about the product
@emigal | www.emigal.com
The Product is Awesome
(but nobody uses it)
Everyone wantsthe product
(but the productsucks)
Your product sucksand nobody uses it
(well, not much moreto say here)
So, let’s talk about the product
@emigal | www.emigal.com
Fundraising will be painful
INVESTORSHAVE NO CLUE
(about pretty muchanything)
@emigal | www.emigal.com
Fundraising will be painful
INVESTORSHAVE NO CLUE
(about pretty muchanything)
IT’S ALL ABOUTTHE MONEY
(although they claimit ain’t)
@emigal | www.emigal.com
Fundraising will be painful
INVESTORSHAVE NO CLUE
(about pretty muchanything)
IT’S ALL ABOUTTHE MONEY
(although they claimit ain’t)
IT WILL TAKE LONGERTHAN YOU EXPECT
(as in, WAY longer)
@emigal | www.emigal.com
Investors have no clue(ok, maybe 2% of them do)
@emigal | www.emigal.com
Investors have no clue
I’VE MET ABOUT100 INVESTORS
(Just a handful getwhat we do atBrainient)
(ok, maybe 2% of them do)
@emigal | www.emigal.com
Investors have no clue
I’VE MET ABOUT100 INVESTORS
(Just a handful getwhat we do atBrainient)
THEY SPREADTHEMSELVES TOOTHIN(I am yet to see aninvestor that onlymeets startups theyunderstand)
(ok, maybe 2% of them do)
@emigal | www.emigal.com
Investors have no clue
I’VE MET ABOUT100 INVESTORS
(Just a handful getwhat we do atBrainient)
THEY SPREADTHEMSELVES TOOTHIN(I am yet to see aninvestor that onlymeets startups theyunderstand)
ENTREPRENEURSARE USUALLYMUCH SMARTER
(No, really)
(ok, maybe 2% of them do)
@emigal | www.emigal.com
It’s all about the money
“Listen! We’re not just doing this for the money! We’re doing this for a SHITLOAD of money!”
(and who can blame them?)
Lone Starr (Bill Pullman)
@emigal | www.emigal.com
Again. Everything that can go wrong, will.(especially when you’re raising money)
@emigal | www.emigal.com
ALL your estimates will be WRONG(well, mine were)
@emigal | www.emigal.com
ALL your estimates will be WRONG
PRODUCT(will take two timeslonger - if you’re lucky)
(well, mine were)
@emigal | www.emigal.com
ALL your estimates will be WRONG
PRODUCT(will take two timeslonger - if you’re lucky)
RAISING MONEY(will take threetimes longer. Unlessyou’re dating a VC)
(well, mine were)
@emigal | www.emigal.com
ALL your estimates will be WRONG
PRODUCT(will take two timeslonger - if you’re lucky)
RAISING MONEY(will take threetimes longer. Unlessyou’re dating a VC)
MAKING MONEY(slash that Budget ofyours in two. That’smore like it)
(well, mine were)
@emigal | www.emigal.com
You WILL have near death experiences.Quite a few of them, actually.
(a short story on what you should expect)
@emigal | www.emigal.com
If Poland made it, so can we.(I sure hope there are no Polish people in the room)
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