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Thrivetime Show | Business School without the BS

Entrepreneur | Part 2 - Raising Venture Capital: The 14 Points You Need To Know

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 11 April 2024

⏱️ 53 minutes

🧾️ Download transcript

Summary

Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE:

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Transcript

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0:00.0

Get ready to enter the Drive Time Show. from the bottom now we hit. We started from the bottom now we're

0:14.0

we started from the bottom now we're on the top top

0:17.3

new the systems to get what we got clean Dixon's on the hooks

0:20.9

I break down the books sees bringing some wisdom and the good looks.

0:24.0

As the father of five, that's where I'm a dive,

0:27.0

so if you see my wiping kids, please tell them hi.

0:30.0

It's a C and C up on your radio,

0:32.0

and now three, two three two one here we go And the definition from Pitch and Dex real quick on Traction is Traction is a measure of your products engagement with its market, aka product market fit.

0:50.0

In order of importance, it is demonstrated through profit, revenue,

0:54.4

customers, pilot customers, non-paying users, and verified hypotheses

0:59.6

about customers problems, and their rates of change. A story without traction is a work of fiction. You

1:06.6

must start building your product and start testing it with your market before you start raising

1:11.6

money. That's just, I mean it makes sense, but that's specifically what you need to look for

1:16.0

when you're trying to compile this traction to show investors.

1:20.0

And so if you're confused as of what traction is again traction you listed off all those

1:23.9

variables but traction at the end of the day is you're saying what is the

1:27.3

evidence that what you think might happen is actually happening.

1:30.5

Mm good so just real quick to touch on those.

1:35.0

Yeah.

1:36.0

You talked about the product, the product, the team and the social proof.

1:40.0

Yeah, well the product, the idea is you want to have a working model.

1:43.7

Okay.

...

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