When talking to investors, don't try to hide your problems. Investors know every startup is a series of disasters. If you pretend nothing's wrong, they'll assume you're lying. Confident founders are candid.
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Most founders overvalue their pitch and undervalue their brain. You think your deck is great, because you spent so long on it. Whereas your brain, you think, is a noob's. But to experienced investors your deck is <deck> and your noob brain is a fascinating work in progress.
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The big mistake teenagers make when trying to seem impressive is trying to seem like adults. Maybe it fools other teenagers. But to adults, they'd seem more impressive if they were good teenagers instead of bad imitation adults.
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Similarly, it's more impressive to seem a promising but inexperienced founder than to seem like a bad imitation of one who's already successful.
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What about VCs who try to look like teenagers by wearing jeans and $2,000 blazers and jackets?
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Just had a conversation about this subject with two of our teens. The other issue is that they don’t value the wisdom of the years. By 14 they’re certain they understand the today’s world better than adults. New packages & methods are not always entirely new ideas.
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