Suggestions
Pavol Magic
Early stage start-up consultant 🚀 CEO @ Zoniq ⚡Strava cheerleader 🥳 Long-distance runner🏃♂️➡️ Cook 🧑🍳
Pavol Magic, Scout at Metis Ventures
Pavol Magic is currently a Scout at Metis Ventures, a data-driven early-stage investment platform focusing on Central Eastern Europe, the Baltics & Turkey.24 Based in Bratislava, SK, Pavol brings experience from previous roles at Mobilyze, Blockmate, and Zoniq.25
On LinkedIn, Pavol's username is pavolmagic.3 In a recent post, he shared a reality check for startups, discussing the likelihood of getting acquired within 5 years for a good price.3
Metis Ventures has a portfolio of over 50 companies, including Scoutium, a digital scouting platform for the football industry, and Anibera, an animation studio.1 As a Scout, Pavol likely plays a role in identifying and evaluating potential investment opportunities for the firm.
Highlights
UPDATE: Thanks a lot, my beloved network! The response has been overwhelming and we no longer accept applications. It will take us a while to get back to you, so please be patient. Have a great day! 🦄
Hey network! I'm looking for a freelance UI designer for some improvements of our web app at Zoniq (prototyping, testing, product design). Ideally with experience with data products / dashboards / BI. Interested or know of someone? Hit me up with a message! Thanks! 🫶
PS: no need to connect right now 😊 Just drop me a message / comment. Cheers.
Should you start your fundraising pitch with the product or the problem?
The last couple of years I pitched so many times it made me physically sick once in a while. I pitched dozens of ideas to hundreds of investors, trying different approaches, changing the story, and learning a lot in the progress. But after a while and tons of research on how to pitch there seemed to be a pattern.
Lead with what's the biggest highlight. Team, market, and product - in that order of importance. Start with the problem statement, suggest a solution. Hook the investor on the size of the opportunity and how you want to get the market. Talk about the product and why specifically you and your team is able to deliver. Get to the ask.
Of course the learning continues, so I was very curious to read Auren's take on the structure. Given his successful entrepreneur and investor experience it was interesting to see that he suggests quite a different order of things.
In seed and series A your product is the most important thing and you should lead with it. Only after the investor understands what it is should you continue to traction. Then comes the vision, market, and then you should address objections - why they should NOT invest in you. And leave room for questions for the VC and ask questions yourself.
I think this is quite refreshing and will definitely try it in the near future (I'll let you know how it went 😅). And what do you think? Should you start with the problem or the product?
