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With the Series A Crunch, Product Market Fit Is the New Black

With the Series A Crunch, Product Market Fit Is the New Black

Marc Michel spoke at one of our recent investor breakfasts. Marc is founder and Managing Director of Runway Ventures.

In this case, runway has nothing to do with fashion. Read More...

Dumb Things Founders Do, Say or Believe

Dumb Things Founders Do, Say or Believe

Summer break is over. Time to get real again. Speaking of which, we’d like to offer a few observations which may help your pitch or strategy and which will hopefully help you move the needle just a bit. Or at least to get real. We do actively mentor at accelerators, and attend pitch events and demo days and host semi-monthly investor breakfasts for entrepreneurs. We don’t claim to have seen and heard it all, but there are a few things you might want to take note of – and a few claims and phrases we’d rather not hear again:

“We have 30+ years experience in ecommerce.” A team of maybe four young co-founders pitching, say, an ecommerce play and claiming to have 30+ years of experience between them. Note to self: most of your team looks as though they’re under 30. Ecommerce itself has only been around for some 20+ years, when most of your teams were still in diapers or hadn’t made his or her debut yet on the planet. Stop it. You’re not fooling anyone. Read More...

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