In this episode, the host discusses what to look for when making an investment decision in tech startups. The key factors to consider include the founders and team, their prior experience, traction, product evaluation, market readiness, target customer definition, and revenue and growth expectations.
Takeaways
- The team and founders are crucial to the success of a startup. Look for founders with prior experience and learn from their failures.
- Traction is an important factor to consider before investing. Look for evidence of customer acquisition and revenue generation.
- Evaluate the product and its ability to solve a problem. Focus on the minimum viable product and customer feedback.
- Assess the market and determine if it is ready for the product. Define the target customer and understand their needs and preferences.
- Consider revenue and growth expectations. Aim for significant annual revenue and demonstrate a clear path to scalability.
Chapters
00:00 Importance of Founders and Team
03:12 Prioritizing Founder Experience
06:37 Importance of Traction
08:05 Evaluation of Product
10:59 Assessing the Market
14:16 Defining the Target Customer
15:41 Revenue and Growth Expectations
Make sure to connect with Eunice Ajim on various platforms:
Ajim Capital Website: https://www.ajimcapital.com/
Eunice Ajim Website: https://euniceajim.com/
LinkedIn: https://www.linkedin.com/in/euniceajim/
Twitter: https://twitter.com/euniceajim/
Instagram: https://www.instagram.com/euniceajim/
TikTok: https://www.tiktok.com/@euniceajim
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
NFL Daily with Gregg Rosenthal
Gregg Rosenthal and a rotating crew of elite NFL Media co-hosts, including Patrick Claybon, Colleen Wolfe, Steve Wyche, Nick Shook and Jourdan Rodrigue of The Athletic get you caught up daily on all the NFL news and analysis you need to be smarter and funnier than your friends.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.