Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

🌟💼 The Startup Gauntlet: Sri Lanka’s Entrepreneurs on the Rise! 🚀

5 Apr 2024 · 0 min

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0:29

A Sri Lankan entrepreneur explains how product details matter: tea with 8% moisture lasts longer and tastes better. He compares startup investing to early bets on Hotmail and Skype, arguing investors need to think fast and understand their product deeply.

So it like triggers, for example, in tea, 8% moisture is like, that means like the shelf life comes down. It affects the appearance, it affects the taste, and it affects like the entire consumer experience. Investing in a Tesla after investing in a Hotmail, Skype, these are the same questions he probably asked those folks. Your mind needs to be fast enough and you need to understand the product well, which was exciting and intimidating at the same time.