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Learn/Founders, diligence, and the pitch
LearnFounders, diligence, and the pitch

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B Basic

  • Judging founders10m
  • What product market fit looks likePro9m
  • Moats at each stagePro8m

A Advanced

  • Running diligence on a seed and a Series APro11m
  • The two minute pitchPro10m
  • Defending the pitch, and the fit questionsPro11m
  • FlashcardsPro0/16
  • Basic quizPro80% passes
  • Advanced quizPro80% passes
  • Terms

Founders, diligence, and the pitch

0
of 6 lessons
0
of 16 cards
FlashcardsStart the first lesson

How to judge a founding team, what real product market fit looks like in data, what makes a startup defensible at each stage, how to run diligence, and how to pitch a company in two minutes and hold up under a partner's questions.

BBasic3 lessons

  1. 1Judging foundersAt seed, the team is most of the bet. Look for evidence of speed, learning, and the ability to recruit, and check it with people the founders did not pick.10 min
  2. 2What product market fit looks likeProProduct market fit is customers pulling the product out of the company. Retention is the proof; growth without retention is a leaky bucket.9 min
  3. 3Moats at each stageProAt seed, a moat is a plan. By growth stage it should be visible in the numbers. Ask what becomes hard to copy as the company grows, and what would prove it is forming.8 min
  4. QBasic quizPro10 questions, 80% passes

AAdvanced3 lessons

  1. 4Running diligence on a seed and a Series AProDiligence is finding the one or two questions that decide the deal and answering them with evidence, fast. A seed and a Series A ask different questions.11 min
  2. 5The two minute pitchProA pitch is an argument, not a profile: what it does, why it wins, the evidence, the market in one line, the risk, and what you would do. About 300 words.10 min
  3. 6Defending the pitch, and the fit questionsProPartners push on the weakest line. Concede what is true, answer with numbers, and know when to change your mind. Then answer why venture and why this fund with evidence, not adjectives.11 min
  4. QAdvanced quizPro10 questions, 80% passes