Dushan Spalevich: "First - focus on your team. If you’re a co-owner, entrepreneur, first – build your team. Once you have a good team in place, please focus on the development of whatever you’re building. Please try to build the product first.
Once you have something to show, then you go out. Because this period of selling the product on the whitepaper is just nowhere. And there are no investors that will listen to you.
The third probably, if you have no money to build a piece of NVP or a sample to show, then probably you have to think whether you are able to build the startup in the first place. And when you build the NVP or the product, of course it’s time to go out for everything, so for the users, for the partnerships. With partnerships you can scale your business faster and going out, bringing the users to your platform, building partnerships that can scale your business and talking to the investors are important.
And of course, events are very important element when you’re doing all this. I think many projects visiting these conferences are doing a poor job because they are not prepared as they should be, especially when I see that they get investment from the VC fund and you see the big booths and no one standing there, you see that they’re spending money for nothing. This is really sad to see. These are the steps: first – build the team, second – build the product, third – go out, but go out smart."