…of participants on the platform, and the amount of data and consumer loyalty they possess. Instead, having a high degree of differentiation will be required to avoid paying a large toll to the ecosystem leader — or potentially going out of business.
10. They Look After Themselves. For most founders, fundraising is a marathon not a sprint. You need a healthy, sustainable routine to perform everyday for the ~90 days it usually takes to close a seed round. Nobody pitches at their best when they’re exhausted and almost nobody can survive on 3 hours of sleep a night.