How do VCs evaluate startups?
After reading ten(s) of posts about VCs’ investments principles, I ended up with a simple framework with 5 categories (or 5 Ts) outlining how VCs think about:
- The Team
- The Tech (a.k.a. Product)
- The Total Addressable Market (a.k.a. Market)
- The Traction (a.k.a. Growth)
- The Trenches (a.k.a. Defensibility) — thanks to all of you who gave me a synonym of moats!