Is your startup enough good?
Is your startup good enough?

		

		
			

	
	

	
		
This year the startup environment has been growing very fast, every day more people is interested on it. If we have more people building startups we can find a lot of projects in the market, or trying to get in.
Some weeks ago, one of my students asked me about the moments on startup´s life. How can he know if his startup is enough good (not the idea) or when is the moment to get funding?
I can remember talking with Jonathan, founder of Hacker & Founders about the same topic, he told me, based on his experience and contact´s advice, that there are five points that vc´s see on the projects.
These five points can help you to define how strong is your startup at any moment:
1. Team, now your startup is almost nothing, the most valuable asset is the people on the boat. If you can say your team is the best! you are in the right way.
2. Product, ideas are going everywhere, vc´s are looking for executions. MVP´s or a beta shows how good you can be building something.
 3. Traction, numbers, numbers, numbers. If your project is as good as you think, you need proof. Validation, facts!
4. Social capital, who is talking about you, who can help you, who is now your friend and can help you to get in the market.
5. Pitch, you must to have the ability to convince about the other four points. Most of time, the pitch defines opportunities.
The good products are strong in the five points, and developing each one, everyday.
What else is important?
			

	

	

		

	
			Support / invest startups & entrepreneurs at @TecdeMonterrey @OrionStartups & @StartupWeekend to leave my mark. My blood is made of coffee. Basketball lover.			View all posts by Luis Almanza
		


	


			


				
	
		
		
	