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Main bulk of the Chinese investors here in the Bay Area are just dumb money. Their primary motivation is to get a green card through the investment of half a million USD
- Investors are typically focused on specific metrics in different verticals
Valuation of the company is tied closely to the multiple of the vertical it is “packaged” for. - Maximization of valuation is based on positioning in the right vertical - important to find investors that are interested and passionate about the space - check out pitch book
- “Resources” is a commonly used and understood term
- Clean data is something companies will be willing to pay for
- Students need to establish a portfolio. They will be keen in participating in hackathons just to boost their portfolio. It might be a viable acquisition channel
- A data market place is a viable end vision for GetData.IO
other companies can sell their data on the platform - focus on the supply side - focus on building a community around the supply side
- At the inception of any startup, the founders would be heavily engrossed in building out the MVP with a few use cases
they might not spend enough time thinking about the use cases that are exciting opportunities
- Interesting verticals
High school leagues - medical research data - city data
- Use cases identified
Useful for powering the SEO acquisition loop - Useful for powering the Viral acquisition loop
- Focus on deepening the service offerings for existing customers
building out the product offerings to fulfill more pain points for the same customer year over year to monetize them more - 0% churn rate - acquiring new customers slowly so as to ensure the internal business process is rock solid - currently 30 paying customer