BootUP is fortunate to meet great entrepreneurs from around the world on a regular basis. When we ask them about their startups, many will jump straight into their idea or the technology. This is certainly important. However, what many founders forget to talk about is themselves and their key team – their background, their experience, why they are special. Ideas are plenty, new variations of technology pop up every day, but the unique YOU and YOUR TEAM will be one of the main things most Silicon Valley investors will focus on.
Mukul Agarwal, Founder & CEO of BootUP Ventures explained to the the German TechMatch startups visiting BootUP that the majority of funding decisions are based on the founders and their team. Investors want to see if you and your team have what it takes to to go through the inevitable ups and downs of a startup journey. Will you give up when they ask for a product pivot? Does your team have the experience and recognized expertise in the field which makes you better than any other similar startup? What’s your thought process like, especially when multiple challenges are sent your way? Can you and your team scale Mt Everest?
Thank you to the German TechMatch startups: BeeSharing for showing us your vision for saving our cherries, among other things; Blickfeld GmbH for sharing your unique approach to LIDAR; Dr Kurt Wolff GmbH & Co KG for sharing your vision for female health; Kinfinity for showing us a new world of robotics; MyLivn for telling us how local businesses can connect in a lifestyle platform; and Pxio GmbH for showing your vision for a cable-less world. We would love to see you all again and continue our dialogue – perhaps at one of our weeklong Startup Bootcamps! A big thank you also to GACC West for bringing the group to us.