Problem-Solution Fit

Problem-Solution Fit

Date
Oct 17, 2024
Assignment
Canvas: Share your thesis
Session
3
Agenda
 

Recording for Class

Start Recording
Link Available
 
 

Announcements & Feedback

Feedback about the class
I'll start connecting volunteers to VCs
 
Rehma Tirmizey
Mason Monetti
Olivia Brimhall
Aaron Mcintire
Kari Doherty
Emily Dinh
Jess Tannenbaum
Elias Foley
 
Org
Focus
Contact
Students
TiE
-
Jill Jeske
Mason, Olivia
AoA
-
Katie Rice
Jess, Elias
E8
Climate
Karin Kidder
Aaron, Emily
Dreamward
BIPOC, Techincal
Jesse Posey
Rehma, Kari
  • Anyone want to share about their thesis?
 

Theory

Abaca Venture Levels
Level
Typical Funding
Problem and Vision
Value Proposition
Acquirer IPO
We're a global leader in solving the problem and continue to address it.
We're recognized as the best solution to this problem.
VC: Series C, D+
We're beginning to tackle additional higher-level problems.
Customers are replacing competitors with our product.
VC: Series B, C
Our vision is clear, and we can expand on future opportunities.
The majority of our customers buy our product repeatedly.
VC: Series A
Our vision is clearly defined and grounded.
We're selling beyond the first repeat customers.
VC: Seed + Angel
Our solution is delivering results, with evidence of impact.
Our initial product is finding consistent traction.
Angel Friends & Family
We can explain and measure the problem, showing how to solve it.
Customer feedback indicates our solution works well.
Angel Friends & Family Personal Credit
We have evidence to support that our solution solves the problem.
We have evidence that customers will pay for our solution.
Friends & Family Personal Credit
We've identified a problem and developed a solution for it.
We have a few potential customers showing interest.
Friends & Family Personal Credit
We have a vision for how to solve the problem we're focused on.
We have identified potential customers.

Frameworks

 

Examples

 

Application

Pick a tag (e.g., YCombinator, industry) and illustratively complete the assignment together.
 

Assignment

Go to WeFunder and identify 20 startups that fit your thesis
If you can’t find enough startups, consider expanding your thesis
 
Optional: Draft an investment memo section that describes what methods you used (e.g., search terms, industry tags) to align your thesis to the WeFunder deal flow.