Seed funding · Investor pitch

Has anyone interviewed with Portland Seed Fund? Looking for Lessons Learned

Robert Whitson Business Development Executive at Axine Water Technologies

February 5th, 2014

My team and I (survis.co) were selected to interview with the Portland Seed Fund next week. I'd like some advice on what to expect, what not to say, and other possible questions or areas of discussion we should be prepared for. Please feel free to reply to this thread, message me over Founder Dating, or send me an email (rmwhitson[at]gmail) if you prefer.
Thanks, Rob
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@Discussion Moderator: I previously had a post removed back in November, that inquired about who would be at the Portland Startup Weekend (it was removed because it was too regionally-specific). However, this inquiry is "related to entrepreneurship" and shouldn't fall under any of the prohibited topics. Additionally, because anyone from the US or world can apply to the Portland Seed Fun, this question is not unique to just FD members in Portland. Thanks.
A great idea is 1% of the work. Execution is the other 99%. In this course, we’ll teach you how to conduct market analysis, create an MVP and pivot (if needed), launch your business, survey customers, iterate your product/service based on feedback, and gain traction quickly.

Patrick Hooft Vice President & Director of Operations at Uniglobe Travel British Isles

February 5th, 2014

 Thank you for your e-mail. I'm currently out of the office attending the Business Travel Show and have very limited access to e-mails, and will return on the 6th February 2014. For any urgent matters please e-mail Region@uniglobetravelbi.co.uk or call 0845 257 0332 Patrick

Rick Nguyen Cofounder @ Spot Trender

February 5th, 2014

Common questions I've notice almost every investors ask:

-Team: who are you and why are you the best to execute this business?
-Market: is the market large enough i.e. is your business venture fundable?
-Product: How are you going to solve the huge problem that the huge market has?
-Finance: How are you going to make money? Does the number make sense?
-Specific questions about IP and competitive advantages.
-Traction: Who's using your product/service, how much they're paying for? If early stage: How many potential customers/users have you spoken with? What did they say? What's their phone number so I can call them and verify.

Nothing impresses like traction.