Couple of days back, we talked about a series of interviews on the red hot topic that’s on top of everybody’s mind – i.e. economic downturn and it’s impact on startups/VC funding.
Starting today, we will publish interviews from VCs, Entrepreneurs and Industry leaders (who survived the last dotcom bubble burst)
We have asked some candid (sort of hard-hitting) questions to people and if you have recommendations for any question to a VC/Startup/Industry leader, please share.
Great! I’m looking forward to hearing about these. We’ve been talking on enterventure.com about how the downturn should help startups with recruiting at least. Funding is a different issue…
Could you ask on my behalf to any VC interested in social media related funding: For a early stage startup with a decent business plan, how important is a prototype before selection for funding? Do prototypes strengthen chances or funding can be given based on promise/potential?
Before going to market with an idea it is essential to prove the marketability of the idea. This is possible not only through prototyping but also by looking at the customer base and starting on a partnership mode. In Megha’s case it could be building a small community who actually uses their product. Could be friends or family for the meantime.
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