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Rich Tong AI Hub and Technology
Rich Tong
31 episodes
3 days ago
Now with rotating cohosts Rich Tong of tongfamily.com fame and a rotating set of co-hosts like Steven, Paul, Mike and Deon cover all the current news, all things Atticicial Intelligence, Apple, Smart Home, and Smart EDC with Paul. And all things Startups, Robotics, Smart Health, and Artificial Intelligence with Deon. Or whatever they want to talk about. Tips, tricks, and traps on technology, mobile, software, machine learning, and shopping since 1996 at https://tongfamily.com
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All content for Rich Tong AI Hub and Technology is the property of Rich Tong and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Now with rotating cohosts Rich Tong of tongfamily.com fame and a rotating set of co-hosts like Steven, Paul, Mike and Deon cover all the current news, all things Atticicial Intelligence, Apple, Smart Home, and Smart EDC with Paul. And all things Startups, Robotics, Smart Health, and Artificial Intelligence with Deon. Or whatever they want to talk about. Tips, tricks, and traps on technology, mobile, software, machine learning, and shopping since 1996 at https://tongfamily.com
Show more...
Tech News
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DT2. Fueling your Startup with Great Investors. 2023-03-10
Rich Tong AI Hub and Technology
26 minutes 5 seconds
2 years ago
DT2. Fueling your Startup with Great Investors. 2023-03-10

Well in these incredibly turbulent times, what's the best way to deal with venture capitalists and other investors particularly if you are early stage? In places like Europe there is a real zone between $50K and $1M that is hard to cross, so should you spray and pray or be more targeted? Well, who knows what the right answer is, but there are probably too.

Answer the basic questions in your presentations and you can use the Sequoia template as an example. See https://perfectpitchdeck.com/2018/01/30/sequoia-capital-pitch-deck-template

But the harder part is realizing that you are not trying to sell an investor but asking, "What does the customer want to buy?" In that way, this is no different than any marketing exercise.  I can't find the exact quote anymore, but Peter Drucker the father of modern marketing did say, Markeint does not ask, "what do want to sell?" It asks, "what does the customers want to buy".  So when you are meeting an investor that's the key question.

The good news is that the investor unlike almost any other customer is completely activated, they want to buy your product, and you just have to find out what's in the way. The easiest way to do it is just to ask them. So for instance, if you have a construction tech company, just ask, "so what do you think about construction tech, is it a good category?" And you will be amazed at what they will tell you. Don't ignore it, make their points the crux of your pitch. There will be lots of objections and the mark of a good plan is that you've thought the same things, so what are you doing about it?

Show notes at https://tongfamily.com/2023/03/10/dt2-fueling-your-startup-with-great-investors/

Rich Tong AI Hub and Technology
Now with rotating cohosts Rich Tong of tongfamily.com fame and a rotating set of co-hosts like Steven, Paul, Mike and Deon cover all the current news, all things Atticicial Intelligence, Apple, Smart Home, and Smart EDC with Paul. And all things Startups, Robotics, Smart Health, and Artificial Intelligence with Deon. Or whatever they want to talk about. Tips, tricks, and traps on technology, mobile, software, machine learning, and shopping since 1996 at https://tongfamily.com