Twip – SeedMoney experience
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TWIP, real time collaboration, return on investment, Break Even, Development Plan…
Those were the words we expected to hear in the first SeedMoney meeting. However, it was not quite like we expected. Vlad seemed to be more interested in our professional background and our vision on TWIP – not in the financial estimation on our project. Regarding cash flow, we were asked only two question: “How much money do you need?” and “How soon can you break even ?”. No details, no charts, no profit and loss estimates. No bullshit.
Following that, we had a more technical meeting with two of Vlad’s collaborators. They challenged our concept, they gave us good ideas and suggested various approaches on how to achieve real-time collaboration. It was constructive feedback in an informal discusiion more than it was a job interview.
In less than 2 weeks, we were told we got the investment. It was a boost of our self-confidence, but the actual challenge of our start-up was only about to begin. Now we had the resources we needed at our disposal – we knew there was a lot of hard work ahead.
You need more than money to start-up a project. You need trust, enthusiasm, fresh ideas, networking and a lot of courage. SeedMoney invested all of the above in our initiative. A business cannot start by itself, it needs to be fed somehow, at least until you hit the market.
If right now you’re preparing your pitch for SeedMoney – think about the money, but don’t focus on that. Develop on how and why and when your idea is going to become your success. Don’t oversee the details, but don’t lose your vision either. These guys really care about that.
Work on your concept and learn to trust it. Learn to trust yourself. Be honest. We did and it worked out for us @ SeedMoney!
Cristian Andreica
Co-Founder Ninth Prime Technologies
Web: www.ninth-prime.com
