Just ask Fred Wilson: We focused too much on what they were doing at the time and not enough on what

Name: Just ask Fred Wilson: We focused too much on what they were doing at the time and not enough on what
Uploaded: 2023-08-31T06:35:50+00:00
Duration: 55 s
Channel: James Sinclair
Description: Short excerpt from a YouTube video featuring Fred Wilson advising early-stage startup founders that the single strongest signal of founder capability is…

31 Aug 2023 · 1 min

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Short excerpt from a YouTube video featuring Fred Wilson advising early-stage startup founders that the single strongest signal of founder capability is speed of execution. He emphasizes demonstrating measurable progress despite constraints (full-time job, no money, non-technical background) because investors fund potential and capital compounds value when founders are already moving quickly.

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Startup founder raising early stage capital seed precede. You have to understand that more important than your problem area, more important than your incredible solution that solves this problem and more important than the market size and your tam the one data point that really tells everyone more about you as a founder and your capabilities is your speed of execution. What have you done to meaningfully move your idea or business forward from origination until today with all of the constraints that you have a full time job, that you have no money, that you're not an engineer with everything can you show that you are an incredible executor at scale and the reason is a couple of fold so number one is money is there to compound value. If you're going fast, money makes you go faster, helps you go faster. If you're going 0 10x of 0 is still 0. The second reason is early stage VCs and angels are investing into what you might become, could become, will become not where you are today. So they need to see that you can get there. Good luck.