AMA
Official ask-me-anything conversations with notable guests

Hi there 👋 I'm Elizabeth co-founder and General Partner at Hustle Fund. AMA

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I co-founded Hustle Fund, a pre-seed fund for software entrepreneurs. Previously, I was a partner at 500 Startups, where I invested in seed-stage companies and ran the Mountain View accelerator. In a prior life, I co-founded and ran an ad tech company called LaunchBit (acq .2014). Let's talk about startups, founder mindset, and more. AMA 👇
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Thanks for sharing about you . We have launched a startup(buy/sell app) and we have crossed 80K downloads now. With growing users, we want to scale our startup but we haven't developed our business model yet. We are still bootstrapping the product but we want to pitch it to the investors. Can you please share how to develop a business model for the platform? You can search GilgitApp on Play Store for more details. Thank you.
Unfortunately, this isn't something that I can answer. This has to be founder-driven based on your own customer development and talking w/ your own customers / users. I think in most other models I've seen of marketplaces, they charge a % in between, so perhaps that's a model to explore. But you can explore all kinds of models -- SaaS model for power users. Or maybe your own token if you make this app decentralized. Regardless, I would message 20 of your customers and call them to learn why they picked your app, what they hoped to succeed with it, and learn about their willingness to pay (and in what way). Just my $0.02.
Hello, Elizabeth. I had the same issue, and still, it's not resolved. Finding the best partner as a technical team with you in your startup journey is a bit difficult somewhere. For helping startups and investors to reach the ideas, I planned to build a community to gather all things together. If you have any idea to build this web from scratch, do let me know. Web: official.community A community for building communities!
Hmm, replying to your own, but it's not an bad idea. as we reply own when we are alone.
Hi Elizabeth! Thank you so much for sharing your experience! What is the #1 thing that you now know as a founder who has existed + as an investor that you wish you knew back when you co-founded LaunchBit?
I think we regard to funding, the idea matters most. Investors won't even talk with a founder if the idea "isn't great" (unless it's someone they already know). (This is from my perspective as a founder who didn't have a great idea. Hah) But who's to say an idea is good vs great vs bad is in the eye of the beholder, and that's why we need more funders.
Hey Elizabeth! Thanks for doing an AMA :D What are some personality attributes you look for in founders you're thinking of backing at the Seed stage? Is that a factor in decision-making?
Re: founder traits - hustle (as I define as execution with velocity), focused on just 1-2 things, experimentation mindset, customer-centric, able to learn new skills, and frugality.
Elizabeth. Your fund looks amazing and your story is really cool. Having been a founder and then a seed stage investor will make you a super start pre-seed investor. Plus you cant go wrong with "Hustle Fund" as a name. I would love to set up a call to discuss your fund. Eddie
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Good job
Good

Stop moving the goalposts. I watched a coding agent do this once. It made a failing test pass by weakening the assertion instead of fixing the code. The suite stayed green for days ) Plus when you lack PMF do not lower the definition of success. Just to convice yourself you have traction.

building with coding agents taught me trust breaks when you are told everything is fine while silent erors pile up. without pmf the polite nods are that exact false green light ) you have to hunt for the breaks, not the validation

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