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Why do you seem surprised? The founder has likely spent months if not years growing this business and preparing to pitch, while the investor, who’s never built a company, spends 30 minutes finding it unpromising.
I'm surprised that when pitches fail, founders don't try harder to figure out why. Is it because the company actually is unpromising, or because there's something important they're omitting from the pitch, or because the investor has some blind spot?
Users will take prob 30s to decide if they want to use the product and give no feedback. So that 30mins of investor feedback is invaluable.
Or it could be the worst advice you’ve ever taken. Why listen to someone that has no interest in seeing you succeed?
Paul, I think confirmation bias plays a big role here. People naturally avoid disconfirming evidence. Founders who solicit our objections can mitigate the bias and for the same reason have a better shot at finding PMF in my opinion.
Where is this assumption coming from? Are you seeing the same pitch from founders you’ve given feedback to? How are you tracking founder’s pitch revisions?
I think it's all about psychology. Just like on stock markets, some traders or investors easily caught up with the hype or they're just there to scalp some profits. They really don't care what field are you on but they just want results, results, results. The big fat ROR
Seek out better investors ASAP.
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