Without Data, Your Business Idea is just an Opinion.

And opinions are pretty much useless. Everyone is entitled to have one, doesn’t make it groundbreaking.

With or without funding, running a startup is always an uphill battle. (image)

Also. No. When I say data, I am not asking you to fill up two slides with Google search on the size of the market you are planning to enter into. Always assume that any investor understands the market is huge and offers immense potential for any business that is able to tap into it. When I say data, I am talking about the only data that truly matters. Traction!

The most common theme I get answer requests for, on my Quora profile, revolves around “How do I find investors for this amazing business idea I have?”

Some questions that I still haven’t managed to get to. The “engaging investors” question is an interesting one; I plan to answer that later today.

I answered a few early questions, and then I stopped. How much can I repeat myself; I had started to sound like a broken record. Lately, I have started answering those questions again. There is an attempt made to answer each question with a fresh perspective, and possibly even from a different viewpoint altogether. Anything that can help budding entrepreneurs realize what truly matters in any business, and help them stop wasting their time and energy into chasing investors at a stage where most of them would not be able to elicit…