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Quoted by Matt on January 27 2010:
Of all the sources of funds for an early stage venture, revenue is the most compelling demonstration of traction. Too many entrepreneurs view fund raising as an accomplishment in and of itself…A lot of what’s written about Silicon Valley entrepreneurship is actually part of a sales pitch or positioning for the venture ecosystem.
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1 comment so far
Mike Colwell 27 Jan 10
Wonderful quote! I completely agree. Startups must show traction in the marketplace. That traction can be your greatest point in overcoming investor objections or concerns.
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