Whether they’re reading an elevator pitch or listening to a presentation, investors care most about actual traction in a seemingly large market.
(Full Post: http://venturehacks.com/articles/plans-ndas-traction)
Babak Nivi is a co-founder of AngelList and Venture Hacks. Previously, he was an entrepreneur-in-residence at Bessemer Venture Partners and Atlas Venture. He has worked on startups including Songbird, Grockit, and Kovio. He went to school at MIT where received 2 patents and published in Science.