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Biggest mistake founders make when explaining their idea to VCs is label themselves equal to an established brand in same or another sector. For example, I am building the CRED for health sector or I am building the Indeed for students or I am buildi

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Pramod Srinivasa

Stealth • 7m

I wouldn't label it as a big mistake. If it helps explain your product in 10 seconds rather than a minute, it is fine. For example Antler India themselves say they want to be like YC but from India. Having raised decent amount of rounds it is sometimes easier to provide such reference and then top it up with how you are doing it for that particular sector. For example if I say I am building and SAP from India but with AI and ML capabilities, I have already conveyed what I am building in under 10 seconds.

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