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Hari kiran
Insight guru • 19d
I agree with your perspective but partially. There is something called a proof of concept which is essential to create a conviction. A great investor is one who envisions the potential of a simple idea and moves in as a fund provider during the early days , however, that too comes, when there is a solid plan of execution from the founder. Proof of concept , product market fit, a solid patent of a new idea, network capability for an extensive distribution, a result from pilot studies -- all these are something vital a founder can bring in for his pitch to make an investor believe in the business model. Like I said before , there is no obligation for a founder to part his equity with an investor or there is no obligation for an investor to part with his money with a business. It is a symbiotic relation based on understanding and conviction towards each other. My intention here is to make it clear for many founders that a great idea isn't the only prerequisite for a business. There is more to an idea an investor sees for when he listens to the pitch and all the entrepreneurial enthusiasts should actually focus on those major aspects also.
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