How to take your business idea to fruition and what to do when you want investment
Pints, Pies & ProfitsShow Notes
The episode where the podcast officially gets its name. Fresh off travels through South Korea and Japan, Scott and Mike map out the real path from idea to first customer - and the four ways to fund it, ranked from best to last resort.
Drinking beer from: Sprig and Fern - Hop Flake Hazy (5.8%) & Neon Noir Japanese Black Lager (4.8%) Eating a pie from: Mairangi Bakery Pie 2 Go - Beef Rendang & Cheese
You'll learn: -How to validate an idea with a Value Proposition Canvas before building anything; -Why "your idea has no value until it's created value"; -The four funding paths in order of preference - pre-sales, bootstrapping, non-dilutive capital, then equity; -What VCs actually look for (upside and downside mitigation); -and why no pitch deck survives contact with real customers. For a deeper dive into these topics check out episodes 16 (How to take your business to fruition) and 17 (How to go about investment).
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