Found+READ: Comments by Amit Bijlani

Amit Bijlani — Sat, 05 May 2007 08:16:51 GMT

I think the speed of execution is for products that can be easily copied. I don’t think this theory applies to every innovation

Amit Bijlani — Thu, 10 May 2007 07:52:17 GMT

Every startup wants to believe that they are unique and revolutionary, it is no different in our case. We do have a business model and revenue projections but after reading several articles on startup valuation and listening to Guy Kawasaki, seems like basing your valuation on revenue projections is not a sound strategy. Investors seem to prefer something more tangible, ie. assets, patented technology, user base, etc.

Let me rephrase the question, when you are approaching angels and have none of things I mentioned above as yet, how do you justify 10% equity with X dollars? Just base it on revenue projections?

Amit Bijlani — Thu, 10 May 2007 15:58:26 GMT

We have technology, just no patents yet. We have bootstrapped for the last six months to build our prototype. However, to launch a beta product we really need cash to make it happen. You can only bootstrap so much. If we were building a web app it would be so much easier but our software app is targeting smart phones.

Amit Bijlani — Thu, 14 Jun 2007 10:25:36 GMT

Love the list, although I disagree with Point 8. What if the question they are asking is addressed 2 slides down? To me pitching is not a lecture but it is like telling a story. And until you reach the end there is always suspense. Most of the times if you don’t build your story well the audience gets bored and wants to skip to the climax.

Unless you know that the question is not addressed in your presentation I think it should be held off because you would eventually be addressing it.

Amit Bijlani — Thu, 12 Jul 2007 10:24:41 GMT

That’s a truly inspiring story. Congratulations on your success!