Links: Most Important Element of a Pitch, How to Get Startup Ideas, and Friend’s Idea
Here’s a Sure Fire Way to Blow a Pitch on ‘Shark Tank — two guy started “Netflix for ties.” But the two founders got called out for not showing passion for their idea. I actually watched this episode and noticed this. They made a classic mistake: they over thought things and forgot the basics.
If you don’t express endless passion about what you’re doing, you won’t get many investors. That’s especially true for nonprofits — people give to people and invest in leaders. The data, model, proof points, etc. are highly emphasized (and should be), but lack of passion is generally deal breaker. (Side note: charisma and passion are not the same thing. You don’t need charisma to start an organization but you do need passion.)
How to Get Startup Ideas — Paul Graham is a big time investor in Silicon Valley. And his essays are always spot-on for all startups, nonprofit and for profit. My favorite line from this one:
There are two more filters you’ll need to turn off if you want to notice startup ideas: the unsexy filter and the schlep filter.
Matt Rutter — Co-founder of GrapeVibe — Giving a friend some link love, but also wanted to note his answer when asked: “If you were to start again, what would you do differently?”
I would have started earlier. It’s really time consuming to try to create a startup while working full-time. I wish I could have taken some time off right after college and fall back on a job if things didn’t work out.
And check out his site: www.grapevibe.com.