If investors think you're unlikely to succeed, they may well be wrong, but at least understand why they think that. If they're wrong, why are they wrong?
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I bet I've heard 100 startups explain why they failed to raise money, and I don't think I've heard one say that the reason was that their company seemed unpromising. And yet that is almost always the reason in the investors' minds.
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In fact, if you try this exercise in the middle of fundraising instead of waiting till the end, you may not fail after all.
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And if you can't explain why they're wrong, you've just gotten a bug report about your company that might be more valuable than the funding you were seeking.
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If they believed their company to be unpromising, they wouldn't work on it to begin with. Perhaps, you wanted them to admit that their company *seemed* unpromising and hence at least that they had a "marketing" issue?
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What I was thinking and better stated.
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I look back and think, I didn't deserve funding. Time, more exposure to the bigger landscape and being more honest have changed my thinking...
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Not sure where you’re going with this, but having difficulty fighting the thought “if the founders thought their startup was unpromising, they wouldn’t be doing it.”
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I’ve been in early stage one way or another for 30 years and I’m regularly astonished at how little conviction entrepreneurs have. “Are you using this product in your own business?” No. Why not? We don’t think it would work for us!!!!!!
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@threadreaderapp unroll please. - Show replies
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