The worst thing to seem to investors is borderline promising. If a startup is obviously promising, you'll raise money easily. If it's obviously unpromising, you'll get an immediate no. But if it's borderline promising, the no will come after sucking up months of your attention.
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Investors and entrepreneurs may have a different definition of promising. Investors are maximum likelihood/expected value optimizers at times stuck on old priors, entrepreneurs are not especially when they innovate.
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You usually can't get people off old priors in a 30 minute chat or presentation, certainly not in the blockchain space where the main value-add is radically different from the main value-adds in the web space, and VCs to this day still generally do not understand it.
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One simply can't propose a new paradigm without first breaking down the old one. And this can take more then 30 minutes. Some good reading and examples here:https://www.challengerinc.com/marketing
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But in the famous of Richard Feynman, this would imply that you do not quite understand what it is you're working on. You should be able to explain your startup to anyone. If not, get a better communicator.
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No, it means the learning curve is far more than 30 minutes -- something I've gone through but they haven't.
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Indeed some arrows of innovation fly further away from the boundary of common understanding than others. What's worse is that as that boundary expands outwards, the surface area becomes larger and keeping up with innovations requires more and more effort.
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Dealt with this. Although VCs generally appear to understand their focus areas, this has not been my experience; If a new team is extremely ahead on a topic, the intellectual distance creates quite the ego violation for investors. Humble researchers are my favorite, honesty.
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Not sure I could say I am more comfortable when there is a consensus that this is a great investment.
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