Jordy Hayes and John Coogan discuss whether early-stage startup founders should prioritize pitch decks or building functional software demos when fundraising from venture capitalists.
“Investors don't need to see a deck if you have a banger demo and you are super compelling. It helps if you're an insider, it helps if you speak the language, it helps if you've maybe interned at a venture fund or whatever it is, but build a phenomenal demo get some users, show people that you can ship and ship quickly, and then still make a great deck because it'll help you get that, you know, maybe two extra valuation. If you do it right.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Jordi Hays
Opinion
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PredictionNot checkable as stated
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AssertionSupported
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Opinion
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What-if
Hays: Uber would be worth over $1T if Kalanick remained CEO
“His take, which I totally agree with is it's hard to, if Travis had stayed in the role, It's hard to imagine Uber being worth less than something like a trillion dollars today.”
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