Preparing kids to become startup founders by having them do pitch contests is like preparing kids to become pilots by having them run around the room with their arms stuck out, making whooshing noises.
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Pitch contests are not merely useless, but actively misleading, because they train people that the audience they have to convince is investors, when actually it's customers.
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I've had to tell a lot of founders not to care so much about investors' opinion of them. I have never once told a founder not to care so much about customers' opinion of them.
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“You are what you eat”
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Customers are always the foundation of what you wanna archive.
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Opinions of a few are largely irrelevant when you’re building a product for many
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Or opinions of their product. Take it with a grain of salt, don’t change your product to match investor’s opinions. You probably see something they don’t.
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My rules to good business: 1. Have what customers want. 2. Customers don’t know what they want.
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My daughter’s school required all entrepreneurial projects to be revenue generating. Requires actual, landed revenue in order to pass!
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