Fundraising without having a validated product

Ron Conway, founder at venture capital firm SV Angel, and Marc Andreessen, founder of early browser company Netscape and venture capital firm Andreessen Horowitz, talk about what kind of startups they invest in that don't have a validated product.


If you don't have a proven product you need to be prepared to:

1. Find a cofounder with a proven track record at making investors money and ideally lots of experience in the sector.

2. Get a lower valuation, and thus give away more equity for a given amount of funds.


Discuss the lesson content, ask the community questions about how to apply it to your startup and give advice to others.

Submit a Comment

Next Up

Constructing your 30 second pitch for everyone

Presented by Michael Seibel: Founder at and Socialcam

Choice of investors is as important as who you marry

Presented by Marc Andreessen: Founder of Netscape and Andreessen Horowitz Presented by Ron Conway: Founder at SV Angel Presented by Parker Conrad: Founder at Zenefits

Share This