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What Makes a Startup Investable? with Professor Pochi Wu
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In this episode of Tiny Dragon, Professor Pochi Wu, Venture Advisor of SkyDeck, shares his insights on entrepreneurship, venture capitalism, and product-market fit. With years of experience as both a venture capitalist and a professor, Wu delves into the opportunities and challenges faced by entrepreneurs, particularly those who are venturing into tech startups. He sheds light on factors that determine startup investability, such as traction, perceived risk, third-party validation, and revenue. Wu also discusses how entrepreneurs should approach market needs and why the mindset to continuously learn and evolve are key traits for success.
Highlights:
02:12 Venture Capital Journey and Transition
03:56 Investment Verticals and Generalist Approach
05:51 Cross-Cultural Entrepreneurship: Asia vs. North America
06:06 Education and Entrepreneurial Mindset
13:54 Entrepreneurship in Asia: A Different Flavor
22:37 Investor Perspective and Making a Startup Investable
30:56 Understanding Product Market Fit
31:31 The Pitfalls of Tech Startups
32:12 The Importance of Understanding Customer Needs
34:19 Common Missteps in Startup Ideas
37:26 The Role of a CEO in a Startup
41:03 The Challenges of Scaling a Startup
46:37 The Impact of COVID-19 on Startups
53:45 The Importance of Continuous Learning in Entrepreneurship
56:05 The Role of Courage and Conviction in Entrepreneurship
58:55 Closing Remarks and Contact Information
11 episodes
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