How to Convince Investors
The only thing you need is traction. Anything else doesn't matter.It seems insane, but investors are blinded by traction.If you are a startup that has low scalability, but you have traction, you will get fundingIf you are insanely scalable, a great idea, but you don't have traction, you just won't get funding. It doesn't matter how awesome your team is. Investors just can't see good ideas through the traction curtains anymore.Why is this? Because investors have no clue, but you can't blame them, they are mostly 40-50 year olds whose minds are just not built anymore to foresee the future and most of them haven't even build a startup from ground to IPO. How are they supposed to even remotely know what will be the next startup that turns the whole silicon valley upside down.This applies to 99% of investors, but there is a tiny folk of 1% who are so in the mindset, almost all of them previous founders. They can foresee the future and they are only waiting for the startups to have built the product they have been thinking of for years, but haven't built it due to simply not having the time.Source: Pitched my no-traction/very scalable startup to hundreds of investors over 4 months until I stopped 2 months ago to get traction, never got a second meeting except for one time. Always thought, do the investors not see how super scalable this all is? Said no-traction startup now has strong traction.