Meng's Drake Equation for startups
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The document outlines a formula for securing funding for startups, emphasizing the components needed such as idea, team, solution, problem, and others leading up to the investment proposition and pitch. It introduces Meng's Drake Equation to illustrate why investors assess many deals but invest in only a few. The repetitive nature indicates a strong focus on understanding the financing landscape for new ventures.
Meng's Drake Equation for startups
- 1. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & Make So Few Investments = Meng’s Drake Equation for Startups
- 2. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & Make So Few Investments = Meng’s Drake Equation for Startups
- 3. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & Make So Few Investments = Meng’s Drake Equation for Startups
- 4. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & Make So Few Investments = Meng’s Drake Equation for Startups
- 5. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & Make So Few Investments = Meng’s Drake Equation for Startups
- 6. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & Make So Few Investments = Meng’s Drake Equation for Startups
- 7. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & Make So Few Investments = Meng’s Drake Equation for Startups
- 8. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & Make So Few Investments = Meng’s Drake Equation for Startups
- 9. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & Make So Few Investments = Meng’s Drake Equation for Startups
- 10. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & Make So Few Investments = Meng’s Drake Equation for Startups
- 11. I have an idea. How can I find funding? idea × team = solution × problem = product × market = revenue model × distribution channels = income × expenses = business model × exit strategy = investment proposition × pitch = deal × investor = funding Why Investors Look At So Many Deals & :-o Make So Few Investments = Meng’s Drake Equation for Startups