With founders viewing the pre-seed stage as a “tax” that they need to pay before fundraising, it’s no surprise that many try to fast track or skip this stage altogether. I believe it’s a mistake that can lead to an excessive amount of pivots and high cash burn. Founders should take the time to thoroughly validate their idea and plan prior to raising a large seed round
But what does it mean “to thoroughly validate”?
Other than a rigorous customer interview and product discovery process, founders should also make sure to pay attention to the following principles.
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