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URL for this post: tinyurl.com/26ywjsyc Hi, Startups! If you are not attracting as many customers as quickly as expected, here are some important insights from Sramana Mitra, founder of One Million by One Million (1Mby1M). https://1m1m.sramanamitra.com/ "Are you struggling with attracting customers? There’s a very good chance that your Positioning is off. Positioning drives Product Market Fit (PMF). You HAVE to get it right. Let’s discuss how. These are the key components of Positioning: - Segmentation - Ideal Customer Profile (ICP) - Business Model - Pricing Model - Bottom-up TAM - Competition Positioning drives Fundability. So you better figure it out before you go chasing investors. Also, if you are getting repeated rejections, I suggest you stop seeing investors and first figure out the WHY. I can explain the WHY and what to do about it. You can come discuss with me at my weekly roundtables. I will give you actionable feedback. If you need help in figuring out your Positioning and Product Market Fit, join 1Mby1M Premium. In general, going to investors without customer validation is a very bad idea. In this age of AI, investors EXPECT that you will bootstrap and validate to a high degree before seeking funding. Customers too are getting used to rapid product prototyping and MVPs that are more well-formed and mature. If you can get to $1M in revenue without seeking funding, you are a King. Remember the 1Mby1M Mantra: Do not go to VCs as Beggars. Go as Kings. So tell me more. Are you an entrepreneur struggling with PMF? Positioning? Funding? Speak soon, Sramana Founder, 1Mby1M"
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