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Beauty in Bangalore!! Car show.
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What's the sweet spot for traction for a pre-seed company?
While a single founder can be a red flag for many investors it possible to raise if you can show convincing traction. This is a [good post](https://www.linkedin.com/feed/update/urn:li:activity:7269776330890653696) that gives a view from a VC perspective.
„The first group of traction points founders often reference does little to validate the opportunity set they are building for, and as such doesn’t yet warrant VC investment. This includes signed NDAs or LOIS from potential customers, or encouraging conversations with verbal indications of interest in trying a product once it is ready. While these can eventually lead to more definitive engagements with potential customers, all too often they are simply false signals that ultimately don’t lead to any real customer traction.
The second group of traction points focus around pilots - with key distinctions drawn between paid and non-paid, as well as signed vs deployed. Generally speaking, an unpaid signed pilot is not enough to validate an opportunity, but an unpaid pilot that is live with a customer is a solid signal. While not yet validating a willingness to pay, this pilot establishes engagement metrics and validation of product success across a real customer.
Paid pilots are the first in a sliding scale of traction points that increase the probability of a startup’s success and also the ability to raise VC $s. Paid pilots will usually ensure a certain degree of buy-in from customers, which is crucial to running a successful pilot.
While a signed pilot is a great sign, a paid pilot that is live with a customer producing successful metrics and early rabid adopters is the first real chasm to cross in a journey toward product market fit. It’s also the bogey I recommend most founders target ahead of raising VC capital.
Converting a pilot into a fully paid customer and signing contracts with a few other customers is usually plenty of traction to warrant raising a pre-seed or seed round. That’s not to say it will ensure it, but in the case where a founder is struggling to raise capital, it will likely be more the result of other factors like perceived size of market opportunity or founder/market fit, as opposed to a lack of early traction.“ -
Diljit can criticise Indian infra, can we take a moment to criticize poor planning/venue selection by organizers
Lololl...you know what's the best part about the concert? There were signal jammers in place. This is a great move in hope that people should enjoy what they paid for. But you know, everything is about the content now. Sed reality.
My wife went as a doctor in the concert, while she was having fun, there's this dmbfck influencer behind her who was filming the whole time and occasionally asking my wife to move aside so she can get a good view for her content, my wife didn't move obviously. Later she fainted due to dehydration and was being looked after by my wife. Karma i guess. -
Anyone else feel the more they talk to people, the more people hate you?
I don't really care what people think and people shouldn't care what I think of them.
I just wish I could hermit away in a hole in the middle of nowhere -
Walk around of the new Kia Syros
One of the top comments on Rohit’s review on OverDrive was “20L for a Wagon R? No I ain’t buying it” or something in that space. -
Anyone else feel the more they talk to people, the more people hate you?
Oh yeah for sure, this is part of the reason why I have a hard time opening up and being vulnerable with people. I’m pretty sure I give people bad vibes but I have no clue how to fix it though without putting on a mask which gets very draining and is hard to keep up with consistently. -
Second thoughts and dilemma in buying my first bike
Convince sister to ride a bike.. -
Second thoughts and dilemma in buying my first bike
If the money is yours , then go for what you want . be bold about your choices. -
Zaheer khan best spell against South Africa 2011 worldcup
A leftie either with bat or bowl is always a X factor -
Aaj muje pata chala ki I was sexually abused
When I posted about my sexual assault experience by an aunty in a bus my post was deleted and people said stop writing erotica. -
Someone Paid $790K in Fees to Transfer $13K in Bitcoin (BTC)... Ouch!
My bet is that it is a human mistake and he set the wrong decimal point or something like that.
Here I paste the sources so anyone can dig on it more.
Sources:
* Tweet: [https://x.com/Vivek4real\_/status/1869849837388345727](https://x.com/Vivek4real_/status/1869849837388345727)
* Transaction: [https://mempool.space/tx/5348f76fab409ed50917e4633d1e66775feb3359448ff4e6b95bf4d81566097e](https://mempool.space/tx/5348f76fab409ed50917e4633d1e66775feb3359448ff4e6b95bf4d81566097e)
* Wallet: [https://mempool.space/address/bc1qdfhvymecyujm9gg2drpgvyuj03sjz73u3y0sn3](https://mempool.space/address/bc1qdfhvymecyujm9gg2drpgvyuj03sjz73u3y0sn3) -
According to me Karan and Kiran from Mohabbatein deserved a separate movie !! They really had a great chemistry !!
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Who is your favourite celebrity
All my boys believe in Ellyse Perry -
What is the most popular gift families expect from returning NRIs?
Country of residence's Visa will be 2nd best gift
Best Gift will be citizenship of that country 😀😀
True For 90%+ Indians -
El Salvador says it will keep buying bitcoin despite IMF warning
I know nobody reads the article…
>“On Wednesday, El Salvador struck a $1.4 billion loan deal with the IMF, as part of which the government of President Nayib Bukele agreed that it would scale back its bitcoin policies. The deal specified that tax payments will only be made in the other official tender, the U.S. dollar.
>IMF spokesperson Julie Kozack said on Thursday that planned legal reforms in El Salvador would make acceptance of bitcoin by the private sector voluntary.
>The government’s announcement that it would make more bitcoin purchases “might be just a way to counter any negative blowback” from a perceived diminished status of the cryptocurrency in El Salvador, said Eugene Epstein, head of trading and structured products for North America at Moneycorp in New Jersey.”
Edited to actually be correct and not misleading -
El Salvador says it will keep buying bitcoin despite IMF warning
the president of El salvador is 100% crypto bros -
Not an ounce of shame. And these people have millions following them. Wonder where the world is heading! (Ofcourse the viral pap video was staged)
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R Ashwin retires in the company of legends
He is right there in the leagues of legends. Still humble and full of gratitude
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