3 Notes Experiment
Wherein a VC offers to work with startups across the globe!
#theExperiment
This is an experiment to help us understand what global founder/startup needs are and how we as venture capitalists can help them based on the stage they are in and based on the challenges they currently face.
#theDetailedExplanation
For purposes of this experiment, we are inviting the world’s founders to connect with us and to get 3 suggested actions that they may take based on their pitch in order to advance their startup. Here’s how this works:
- First, as a founder, you login to BitClout.com and setup your profile if you have not already.
- Next, you locate G7VenturesVC on BitClout and purchase any nominal amount of the G7VenturesVC Creator Coin (minimum, $1.123581321 USD representative in BitClout currency). Note — this cost will go up over time, but then, so will your investment in G7VenturesVC Creator Coin, so everyone wins in this situation.
- Upon investment, we will reach out to you through your BitClout profile to setup a schedule to meet and review your pitch. The way this happens is through the G7Ventures Calendly link (click here…)— this let’s us keep track of our schedule without any overlap or conflict. All Calendly reservations will be compared against your profile in BitClout, your LinkedIn profile, and verified with your email. This verification helps us to make sure that everyone is connected and that we respect each other’s time and effort.
- The process looks like this: 1) setup and conduct pitch meeting, 2) go offline and review your deck and other content, 3) identify the 3 notes that are most important at this time to help you advance, 4) setup and conduct 3 notes review meeting, 5) send back 3 notes review document for you to keep.
- We will also be posting a summary of the session and essential notes in an on-going series of posts to help all founders to learn how we as VCs help support startup growth. This also has the side benefit of continuing to help you grow your startup’s brand as well.
Reminder: Current BitClout $USD cost = $1.123581321 USD. You may be wondering about this number — it is the fibonacci sequence. The thought here is that after every 10 or so startups that go thru this process, the price will increase to starting at the next number in the sequence — with a cap as yet to be determined. This experiment post will be updated regularly as costs increase over time. Also — as a note, currently the Founder Reward in G7VenturesVC is set to 99% — so that first slightly more than a dollar that gets invested will mostly go to G7VenturesVC to help cover costs of this effort. Over time, the Founder Reward percentage will also go down. We may use another fun number like Pi for instance to decrease the Founder Reward percentage after every 25 startups to see how this goes.
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Note: We will be 100% transparent about all changes.
#theFAQ
How do I get to speak with the VC team? The VC team will reach out to assist you immediately upon completion of the verification process to validate your email, linkedin profile and bitclout profile.
#the3NotesAsAnExample
Founder X, pitched Startup Y regarding their new freelance marketplace. Startup Y has been in business for 2 years pivoting and adjusting it’s product-market fit. During the course of the pitch, three key challenges were identified:
- Traction is not clearly explained
- Market target is not specific enough
- Information is hard to digest in the format presented leaving investors confused as to the purpose of the company and it’s business model
The 3 Notes:
- Focus on the most important traction numbers that relate to the highest value customer offering
- Focus market target explanation toward highest value customer audience in alignment with top customer offering
- Simplify each pitch slide and pitch topic to just the bullet points that provide clear understanding to the investor of what the business model is, and how it makes money.
#theExtras
We love startups! We look forward to seeing how you are changing the world every day! We can’t wait to speak with you. Connect with us on BitClout even if you aren’t ready to engage with us and get your 3 Notes! G7Ventures Bitclout: https://bitclout.com/u/G7VenturesVC
