Even the smartest professionals who don’t have backgrounds in digital businesses make the same mistakes when it comes to tech start-ups.
They often want vanity metrics, as opposed to what truly matters, and because they don’t know how a tech product gets made, they don’t know how to properly evaluate an opportunity.
In this episode you'll learn 3 core tech concepts and how they apply to early stage investing.
There are fundamental differences between software products, that are especially important at the early stages. This is because, when a product is very new, it is still in development mode. This is why understanding product development is vital at the early stages.
For example, evaluating Airbnb as a listed company focusses on typical investment metrics: revenues, costs, growth etc. These would have been unavailable when Airbnb first launched, so investors must look for other signs.
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