1:06

Dr. Thomas J. Powell explains that investors back pitches that clearly solve a real, personally-recognized problem. He uses the Odyssey hero-journey analogy—one becomes a hero by solving a problem—to argue founders should present their product as addressing a specific pain point. He gives a concrete example: an investor who struggles with no-shows would fund a calendar system that automatically reminds and ensures appointments happen, especially if the solution works without extra staff.

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