- 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
notes, learnings and reflections for future self reference