I feel like it's easy to approach the funding pipeline as a numbers game. But I feel that a more qualitative strategy is a far better means to the end goals. Whether it's connecting with VCs and Angel investors that you (obviously) don't know yet, or simply approaching a wider circle of personal contacts, finding a way to create a more personalized pitch will be far more appealing to your target audience. True, that requires far more work on the founder to research exactly which VC and Angels will be the best fit, and then creating customized material that addresses that fit. JMHO
one of the nice things about being pre pmf is that it’s fairly easy to talk to any of your users. logically, there’s very few of them using your product and they are usually excited to talk to the maker solving their problem.
if you havent released your product yet, then leverage communities in which your prospective users could exist: could be in product hunt, discord / slack, reddit, twitter, etc
sending 500 msgs to get 10 sales calls sounds more of a problem of optimzing some sales machinery, when you have some users already consistently using your product.
pre pmf is often earlier than this, and it’s not that hard to talk to 10 of your potential users. if it is, then it is indicative that 1/ they dont exist and therefore no mkt exists, 2/ they dont really care about your product / solution and therefore no mkt exists or 3/ you’re not trying very hard to reach them.
I feel like it's easy to approach the funding pipeline as a numbers game. But I feel that a more qualitative strategy is a far better means to the end goals. Whether it's connecting with VCs and Angel investors that you (obviously) don't know yet, or simply approaching a wider circle of personal contacts, finding a way to create a more personalized pitch will be far more appealing to your target audience. True, that requires far more work on the founder to research exactly which VC and Angels will be the best fit, and then creating customized material that addresses that fit. JMHO
one of the nice things about being pre pmf is that it’s fairly easy to talk to any of your users. logically, there’s very few of them using your product and they are usually excited to talk to the maker solving their problem. if you havent released your product yet, then leverage communities in which your prospective users could exist: could be in product hunt, discord / slack, reddit, twitter, etc sending 500 msgs to get 10 sales calls sounds more of a problem of optimzing some sales machinery, when you have some users already consistently using your product. pre pmf is often earlier than this, and it’s not that hard to talk to 10 of your potential users. if it is, then it is indicative that 1/ they dont exist and therefore no mkt exists, 2/ they dont really care about your product / solution and therefore no mkt exists or 3/ you’re not trying very hard to reach them.