1. Ideas alone can get funded, but only when pitched by entrepreneurs who have done it before. e.g. the last idea-stage company I invested in was a new crm company pitched by an entrepreneur who had already built a huge successful crm company once before.
2. For the rest of us, you have to show you can execute by building a team, some technology, and demonstrating customer traction.
For any given idea, you have to assume that 10 other people have thought of it, so why are you special?
1. Ideas alone can get funded, but only when pitched by entrepreneurs who have done it before. e.g. the last idea-stage company I invested in was a new crm company pitched by an entrepreneur who had already built a huge successful crm company once before.
2. For the rest of us, you have to show you can execute by building a team, some technology, and demonstrating customer traction.
For any given idea, you have to assume that 10 other people have thought of it, so why are you special?