VC venture capital, for many entrepreneurs, this is one of the channels of effective financing, but it is difficult to get wind. VC always critical to entrepreneurs in many places are not satisfied, what reason is that venture capitalists will refuse your reason?
Most of these are also well aware of
1. low entry threshold
2. lack of competitive advantage
3. unsustainable unit economic benefit
right traction channels and adapt to the market / product is usually in the early start-up companies will face challenges. But the price / products of this type of complex fundamental problems did not start correctly will give you the future expansion of bomb, so you must remember to always pay attention to CAC/LTV in the early start (user acquisition costs / end user recommendation