Advice To Follow
- Founders lose credibility because they purposely or inadvertently downplay their competitors.
- Spend the time thinking deeply about your unique insights and unfair advantages. It’s very possible you don’t have it. This step will not only help you raise, but also increase your chances of building a successful startup.
- Think and communicate in terms of trade-offs. Your competitors are not dumb. Why did they choose one model over another? What are the trade-offs? And why did you choose this trade-off that positions you to win. It needs to relate back to your core messages.
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The Problem slide in your pitch deck.
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The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
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