re: Seed rounds/family and friends rounds

Having been around startups pretty heavily and plenty of failed ones, there are only a couple of things that matter.

Revenue or Users. If they have that, I’d throw in Founders. Don’t pay any attention to BOD, Advisors, Influencers. That’s all bullshite. If they don’t have users, tread lightly. If they don’t have revenue, tread even more lightly. If they have neither of those things and hey asked you to sign an NDA already, run away immediately.

The startup app world is hyper inflated with a bunch of fake entrepreneurs raising money around ideas. Trust me, I was one of them.

Also, what does being “picked up” by two large companies mean? Are these revenue generating contracts or case studies? If it’s the later, the two large companies are probably just trying to figure out what they can take from the tech to build it themselves. That means little without $$$’s.