South American Adventures

Taking flying leaps into the unknown

Mentoring with Andrew Lee

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We are currently pitching in front of Andrew Lee. The general format of these meetings is each of us (7 startups) pitch to the mentor in a conference room of SupHQ (startup office space) and each pitch is followed by Q&A.

Interesting lessons learnt from listening to the feedback he gave to us.

“What is the one thing that makes that product really great? For instance when adobe came out the one thing they did really great was that you could send things in a really small format.”

“How do you scale that so that 15 million people can use that. how does your product differ from an agency model.”

(the idea is that investors seek tech startups where manual input is minimised  so it can be easily scaled)

“How are you really revoluntionsing the market? What features are you cutting out and what are you keeping and making better? How does this better deliver the core benefit the target user is seeking?”
This is an interesting concept I read in Blue Ocean Strategy. Image below is from the book and speak to the strategy
Strategy Canvas from book "Blue Ocean Strategy"
“I hate the word ramification all it actually means is if you click a button and you get something out of it” 
Thanks Andrew

Author: Miklos Grof

Miklos is the CEO and co-founder of Fundacity. Fundacity is making startups investing easier. Fundacity already supports all the notable accelerators in LatAm in their startup selection and management and they are expanding rapidly across Asia-Pacific and Europe. With the recently launched Fundacity Investments Clubs it seeks to simplify the startup investing process in emerging markets and make it accessible to more people. Miklos has unique and extensive experience in start-up formation, business development and venture financing. He has raised and evaluated investment offers in venture capital from angels and VCs from three continents for a variety of deals. He thrives at launching businesses and making sales in new geographies. Miklos currently serves as a financial advisor and mentor for various start-ups including Taggify (an online contextual advertising company based in New York and Buenos Aires). At Taggify, Miklos advises on fundraising, financial reporting to the board of investors, tax filling and cash flow management. Miklos completed his MsC in Finance at the London School of Economics and previously worked in corporate finance at PricewaterhouseCoopers in London, fund sales at UniCredit Vienna and economic research at Erste Bank Budapest. He is a Chartered Accountant with the ICAEW, Institute of Chartered Accountant England and Whales and is quinti-lingual. He is passionate about startups and entrepreneurship and spends his free time engaging with the startup community.

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