“It’s really important for you, the entrepreneur, to have a really strong thesis on why those products haven’t worked.' chudson
For most entrepreneurs, raising money if you don’t have a product is really hard. There are some exceptions. Venture capitalist Charles Hudson gives tips on how to improve your chances. Charles Hudson speaks onstage during TechCrunch Disrupt San Francisco9, Oct. 3, 2019.
Prior to founding Precursor Ventures, Hudson was a partner at SoftTech VC, where he focused on identifying investment opportunities in mobile infrastructure. , an app born of necessity during the pandemic and built for people to collaborate with, present to, and entertain each other.It’s important to remember that right now we’re in an environment where investors will wait to see more data if they can, Hudson said.
“If you’re trying to make the argument that the world needs a new product, it helps to look for hacks and workarounds,” Hudson said. “Where people are using other tools to solve a problem but where it’s inelegant. I tell people, look for processes that run on spreadsheets, people stitching things together with tools like Zapier or other automation tools to solve the problem.
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