Invariably, when I am meeting the founder of a startup for the first time to discuss the possibility that KEC Ventures might invest in their startup I ask this question; “What is your business Model?”1 Typically, the response I get is unsatisfactory. In this post I will discuss what I expect startup founders to include in their answer. To ensure we are on the same page about what a startup is, I will begin with a definition; A startup is a temporary organization built to search for the solution to a problem, and in the process to find a repeatable, scalable … Continue reading What Is Your Business Model?
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