Investors are keen to know what a founder wants their company to be, and whether their target market is big enough to support that vision, he said. So, would-be founders should be prepared to share their big idea — and the market data to back it up.
For instance, while Mehra had 15 years of experience working in e-commerce and investments, he was less familiar with the Indonesian market, and called on co-founders to supplement that knowledge."Third, what is the track record?" said Mehra. "If you have to [reach] there, the track record has to be able to back up the fact that the vision can someday be realized."
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix's Marc Randolph's advice on starting a subscription businessNetflix cofounder Marc Randolph on the 3 questions entrepreneurs should ask before starting a subscription business Netflix联合创始人马克·伦道夫（Marc Randolph）就创业者在开始订阅业务之前应该问的三个问题进行了讨论
Source: BusinessInsider - 🏆 729. / 51 Read more »