(Warning signs are, “No one has thought of this/is doing this/we have the exclusive patents.”)5. Business model: List all the parts of your business model.
This means you have evidence that you’ve found product/market fit and have fanatic customers who are reference accounts.
4. Business model: In seed you often discover your business has more moving parts than you originally thought.
You should be testing all parts of your business model; revenue models/pricing, resources, activities and partners.
5. Business model: By the end of Series A, all parts of the business model have been tested and they add up to a scalable, repeatable, and profitable business.
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