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re : 1. Volume 2. Cost 3. Conversion 9. Team People that get VCs Hot: ? Geeks with deep tech experience ? Entrepreneurs who have sold panies ? Sales/Marketing who bring in customer$ 10. Money, Milestones ? How Much Money? – 3 Budgets: Small, Medium, Large ? What will you do with Capital? – New Hires (Build Product) – Mktg Sales (Get Customers / $$$) – Ops Infrastructure (Scale Up) Financing ? Raised $200K Seed round Jan 08 $1M valuation – angel investors: Ron Conway, Larry Page, Bill Gates – built initial prototype。 functional use with 1000 customers ? Seeking $500K$1M Series A round $ valuation – already closed $300K – meetings with 5 other VCs in next 2 weeks – targeted closing in 4 weeks ? Use of Proceeds / Product Roadmap / Goals – $300500K: hire 23 engineers, 1 marketing / sales, .5 PT customer support – $200500K: marketing campaigns customer acquisition – get to 25K customers, $1M revenue by end of year – estimated breakeven in Q4 / 09 $100K / month Additional Resources ? Dave McClure: – Startup Metrics for Pirates (AARRR!) – ZapMeals Sample Pitch Presentation – Master of 500 Hats Blog: “Greatest Hats” (top blog posts) ? Steve Blank: 4 Steps to Epiphany, Customer Development Methodology ? Eric Ries: StartupLessonsLearned ? Sean Ellis: ? Andrew Chen: ? Brad Feld, Jason Mendelson: ? Aydin Senkut: Felicis Ventures blog ? Mark Suster: Both Sides of the Table ? ?