You'd never say "I'm thrilled to see many bids on the house I want to buy. That validates my taste." Why do co's say that a/b competitors?
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This exchange is commong: VC: "Thoughts on [new formidable competitor]?" Founder: "An exciting development. Really validates our space!!1"
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Ah yeah thats kind of lame. Founder should use that question to show knowledge of competitor and how they differ, are worse, etc.
End of conversation
New conversation -
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Sometimes it can seem like a person you are pitching (not necessarily investor) is over-focusing on negative though. Some spin can balance
Thanks. Twitter will use this to make your timeline better. UndoUndo
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