For these reasons, I am out.
Little case study and why I won’t invest.
Sum up of a meeting with a startup raising money: they just finished their MVP, they have industry experience, existing investors, and a team of 4 (CEO, CMO, CTO, CPO). They are raising 1M EUR. Sounds promising so far.
The big red flags:
🚩 They are raising money to build more tech, instead of focusing on getting traction…