, a hardware and software solution that would allow small merchants to charge credit cards wherever they were. McKelvey reportedly had the idea for the concept after he was unable to sell a $2,000 blown-glass vase because the customer wanted to use an American Express card.throughout the Bay, McKelvey did something very few founders do when trying to secure funding: he listed all the reasons his company would fail, 140 in total.
In most pitch meetings, says McKelvey, entrepreneurs tell their audience what a great team they have, what a strong product they've developed, and list off every reason why they deserve funding."We talked about all the stuff that we thought could kill us, all the stuff that we had problems with, all the stuff we were worried about — and it changed the whole tenor of the meeting," said McKelvey.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Square cofounder Jim McKelvey explains how he scored 20 term sheets - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook signs 730,000 square foot office lease at Farley Building - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of July 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Searchable database of Business Insider pitch decks - Business Insider[Thread] Startups convince investors to fund their ideas using pitch decks. Business Insider regularly seeks out and publishes these decks to give readers an inside look at how successful companies persuaded investors to fund them. For the first time, these decks—presentations that combine slideshows with storytelling—have been combined into a single, searchable library that you can explore. 👇
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar: How influencers earn money in pandemic - Business InsiderSIGN UP NOW: Next week we're talking to YouTube and Instagram influencers with millions of followers about how they're adapting their businesses during the pandemic and earning 6-figure incomes
Source: BusinessInsider - 🏆 729. / 51 Read more »
SUCCESS INSIDER: Big 4 salaries, career success, LinkedIn - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I doubt they are remunerated so handsomely for their honesty and integrity.
Source: BusinessInsider - 🏆 729. / 51 Read more »