'We made a serious examination of all the things that can kill a startup, and it turns out that nobody does that.'
when he began raising money for Square, a hardware and software solution that would allow small merchants to charge credit cards wherever they were. McKelvey reportedly had the idea for the concept after he was unable to sell a $2,000 blown-glass vase because the customer wanted to use an American Express card.throughout the Bay, McKelvey did something very few founders do when trying to secure funding: he listed all the reasons his company would fail, 140 in total.
In most pitch meetings, says McKelvey, entrepreneurs tell their audience what a great team they have, what a strong product they've developed, and list off every reason why they deserve funding."We talked about all the stuff that we thought could kill us, all the stuff that we had problems with, all the stuff we were worried about — and it changed the whole tenor of the meeting," said McKelvey.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock picks to buy, 16 global tech companies with 20%-plus upside: UBS - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Defense funds in coronavirus relief bill for businesses, supply chains - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Top business news: Big Tech, Exxon job cuts, Young Living Empire - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Why you should stop writing 'thank you' at the end of a business email - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Do You Have What it Takes To Look Like Martha Stewart?4 a.m. sheet masks, frosted lips in the pool, and plenty of sunscreen.
Weiterlesen »
Washington traps first 'murder hornet,' Department of Agriculture says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »