These days as funding rounds get bigger and bigger, and earlier than ever, it almost seems like getting funded is easy. The reality is quite literally the opposite. I spent 6 months to raise our first round through a series of SAFE agreements. (Learn more about SAFEs here.)
Have you validated the problem? I started working on a few problems in business travel in Oct ’18. I had traveled to Amazon for an interview in September and the entire experience was quite unstructured and frankly frustrating. So I started getting in touch with my ex-coworkers and ran the idea by them — I had a set of questions and spent an hour with each person (hint: avoid questions that can have yes/no answers). …
Mary Meeker is a partner at Kleiner Perkins Caufield & Byers (a Silicon Valley VC firm) and is the author and presenter of the Internet Trends Report. According to a Crunchbase article Mary Meeker has been creating ‘Internet Trend’ reports since 2004. Not surprisingly, the number of slides and the tech industry’s interest have both increased since 2004. This year’s report includes 355 slides and the two largest sections discuss Online Advertising and Interactive Games.