FICTIONAL MINUTES / INVESTMENT COMMITTEE
The search market is already served. The proposal is to find pages on the Internet: precisely what AltaVista does. We see no unmet need for another website with a text box.
Their infrastructure relies on cheap computers. A concerning signal. If the founders will not invest in expensive hardware, how can we believe in their ambition?
Two nerds, neither of whom can work a proper Excel model. They respond to a request for projections by explaining an algorithm. No communications founder. No senior executive from a large corporation.
Committee decision
Pass. Revisit after hiring a marketing director and buying proper servers.
An algorithm is no substitute for a well-aligned slide.
These meetings and decisions are fictional. The objections behind them are drawn from things we have heard firsthand. About this project ↗
More opportunities avoided