If you're proposing to work on an idea that has killed every previous startup that tried it, the most important thing to explain to investors (and to figure out for yourself) is what killed them and why you're immune.
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Agree 100%. And yet most analyses I hear are fairly shallow and unsatisfying: - "they just didn't get this space like we do" - "we execute better/work harder/etc" - "our gut feeling is they were missing feature X" - "oh, I haven't heard of the companies you're talking about" etc.
The first 3 you can dig into and help them articulate what they know, if they do know anything. With the last one the only solution is to ask them to investigate those companies and come back and talk to you afterward.
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Discovering buried bodies isn’t trivial. Though I guess, “we will force it to work this time” provides little confidence. Using this as an opportunity to follow back up with the investor is a good play. But from experience it felt like a game of “gotcha”.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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