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Any SF/SV angels available to meet?

4 points| DayneRathbone | 8 years ago

Hi, I’m a founder of an Australian startup, and my co-founders and I are in SF for the next 2 days (until Friday evening, 5 Jul ‘17).

Our startup is a seed-stage consumer internet platform, and our mission is to make it easy to learn about any person.

Website: www.karma.wiki Executive Summary: https://goo.gl/Exm4hg Pitch Deck: https://goo.gl/sGkg13

Thanks

2 comments

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[+] csa|8 years ago|reply
First, I want to congratulate you all for your hustle -- I think your energy and progress so far show that you have something to offer. That said...

1. Friday evening is the 7th not the 5th. While I imagine that this is just a simple oversight or typo, it does not reflect high attention to important details (rightly or wrongly). Note that slide 20 also is not updated, so this also seems a bit slapdash.

2. Consumer internet... gah!

3. You want everyone who uses the internet to use your service. You seem to be asking people to write personal endorsements. Most people in the world (even most "educated" ones) cannot write a clear paragraph, much less a compelling personal endorsement letter. Ask anyone who has sat on a hiring committee or admissions committee if you need evidence.

4. It's great that Clyde played rugby for Australia, but I don't expect the rugby references for your CMO to go far in the US... and I'm not sure they should in other parts of the world either given his limited international career (due to injuries). At best, that would seem to matter more for stuff like enterprise sales or f2f sales. For mass online engagement, I struggle to see the benefit of mentioning these facts.

5. You're two years in with 2000-8000 (?) users. Your predictions for the rest of 2017 seem overly ambitious. Also, how is $200k going to get you to 500k users? I can't see any other clear revenue streams, so costs seem like they may swallow this number sooner rather than later.

Anyway, best of luck!