Hoda Mehr

Remember this, Mr. VC!

5/23/2020

 
Three years ago:
  • Me: Hi Mr. VC, this is my world-changing idea.
  • Mr. VC: First-time founder? Do it as a side project. It's a lifestyle business.


Two years ago:
  • Me: Hi Mr. VC. Our MVP is out. We have 400 users. They are engaged with high retention.
  • Mr. VC: Pffff ... 400 pfff... give each of the 400 a gift card and ask them why they use it.
  • Me: Wait! I already know why they use it. The ... are you there?
  • ...

One year ago:
  • Me: Hi Mr. VC. Our product is growing at nearly ~5X per year. We have revenue started coming in.
  • Mr. VC: Your business model is not solid yet.
  • Me: We are raising a seed round. We are working toward Product-Market fit. We have several plans for our business model. Are you there?
  • ...

This year:
  • Me: Hi Mr. VC. We are on our way to break even. We grow 100% per week.
  • Mr. VC: It's Covid-19. I won't write a cheque until I sit in the same room as you.


One year from now:
  • Mr. VC: Hi there. What a shiny, beautiful, profitable, growing company you have.
  • Me: ???
I have one year to prepare my response to Mr. VC. As off now, I'm contemplating showing him my finger, and leave. Maybe, I change my mind in one year. Who knows?!


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