Brown and White Bear Plush Toy 
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in What Founders Should Know

The Easter Bunny is more Plausible than Lasting Behavioral Change

Cooling Time Travel R Us is a (fictional) company that was going to travel back in time to combat global warming by preventing the Loch Ness Monster from being eaten by the Easter Bunny.

If I presented Cooling Time Travel R Us, the panel would ask me about customers. The biggest risk in the investor's mind would be about customers.

On the other hand, if I presented a company that helped people change their behavior so as to combat obesity or pre-diabetes, the investor would ask for evidence that we would be effective.

It is harder for an investor to believe in lasting behavior change than it is to believe in Time Travel, the Easter Bunny, and the Loch Ness Monster combined.

If you are claiming lasting behavior change, you will need to be very, very, very, very persuasive to convince an investor.

behavior changediabetesinvestorobesitystartup

Written by Russell Brand

Entrepreneur in residence at Founder Institute, he has mentored, performed due diligence on and invested in numerous early stage companies. Hundreds of these early stage companies have described Russell’s insights and advice as the most useful thing in the history of their companies. He has always had an inborn ability to find more valuable uses of new ideas and faster ways to achieve results.

 

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