Entrepreneur Plus - Short White
For Subscribers

Forerunner Ventures Founder Kirsten Green On What She Looks for In a PitchThe investor breaks down what makes her want to invest in a brand, today's biggest opportunities, and how the tech world is about so much more than technology.

ByStephanie Schomer

This story appears in theJune 2019issue of雷竞技手机版.Subscribe »

Elisabeth Fall

First things first: What's your definition of a tech startup?I think some people have a hard time understanding why, say, a makeup brand like Glossier (in which Forerunner is an investor) identifies as a tech company.

Oh, people are so confused! We getpitchedso many businesses based on a beautiful product I'd love to buy, but it doesn't fit the profile of what we want to invest in because the company's model is selling in a big retailer. Yes, we invest inbrandsand product, but we mostly invest in founders that see opportunity for change. Glossier is about the customer. It's anchored in selling product, but consumers trade in and out of product. So Glossier has usedtechnologyto create a deeper connection with its consumer to grow. Purchases are often about more than the product. And that's why we invest.

So when someone is pitching you, what do you really look for, what do they need to be armed with to catch your attention when they're at that early stage?

This is a subscriber-only article. Join Entrepreneur+today for access

Related Topics

Productivity

8 Efficiency Hacks to Boost Productivity and Save Time

Use these hacks to streamline your workflow and maximize your productivity.

Life Hacks

The Art of Navigating 'No' — When to Persist, Pivot or Give Up and Pack it In

Ever been knocked down by a resounding "no" in business or life? Don't let it derail you.

Business News

Elon Musk Wants X to Be a Financial Hub and Dating App

Musk wants his "everything app" to handle your finances — and your love life.

Social Media

Why Brands Still Belong on Social Media Despite the Changing Landscape (and How They Can Leverage It for Greater Success)

The digital landscape has shifted significantly, but your brand can still thrive on social media in today's world. Here's how.

Business News

Magic Johnson Is Officially a Billionaire — Here's How the Lakers Legend Made His Money

Forbes estimates that Johnson's net worth is now an estimated $1.2 billion.