How do founders validate that they are solving a real problem? | Ep 50 | Uncapped Notes
In this five-part series, Eric and Janel will be diving deep into the five key pillars that all founders communicate clearly to VCs during their pitches. In part two of this five-part series of Uncapped Notes, Eric and Janel discuss “problem” - and why founders need to go beyond an impressive problem statement when pitching to VCs. VCs, especially early-stage investors, are looking for founders that have taken the time and dedication to discover their customer base, and who are truly dedicated to the solution they’re providing.
0:00 - Intro
1:21 - Customer discovery - problem statements aren’t enough
2:03 - Using customer discovery in your pitch
3:08 - Missionary founder vs mercenary founders
3:57 - Does differentiation matter when explaining your problem?
4:38 - Outro
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#UncappedNotes is produced by Hustle Fund, an early-stage venture capital firm that backs hilariously-early founders. Please subscribe and hit us up in the comments if there are topics to address in a plainspoken, non-BS #UncappedNotes video!
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