When investors are evaluating a pitch, here is the order of how investors get interested.
1 – Is this a big problem ( Opportunity )
2 – Is this the right solution/approach ( Solution )
3 – Is this the right team ( Execution )
It is hard to excite them on a bad idea or a small opportunity, even though the team is amazing and have an excellent way to solve a problem.
When it comes to investing, the order changes
1 – Is this the right team ( Execution )
2 – Is this a big problem ( Opportunity )
3- Is this the right solution/approach ( Solution )
It is almost impossible for an investor to invest in a bad team, even though the idea is brilliant & the solution is great.