The most dangerous case of all is for a startup to seem borderline promising when they have less than 6 months of money left. At that point you should assume you have to become profitable on the money you have left, or die.
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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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You can't figure out whether you're better than borderline promising from investors' reactions. If you're borderline promising, investors will still want to continue the conversation, and will seem encouraging. You have to use your own judgment, or ask an unbiased third party.
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Surely a lot of huge success stories fell into this category though? Early Airbnb, snap etc
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I don't know about Snap's history, but Airbnb never had trouble raising money after the first round at the end of YC.
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Mr. Graham, do you think the consumer internet market is too saturated nowadays? Thiel said all the ideas people can think of have already been tried.
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It seems unlikely that it's saturated or that Peter said that.
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winner winner chicken dinner
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As told to me when I started - “the worst answer you can get is a ‘slow no’”
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or regret forever not investing in
@Airbnb hahaThanks. Twitter will use this to make your timeline better. UndoUndo
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Oh yeah. Seen that way too many times.
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