The advice I give to founders raising money for the first time — to first ask yourself "are we actually a good investment?" and answer honestly — also applies to later rounds. Don't sell. Tell the truth, and let investors read it through you.
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In my (limited) experience with the founder crowd, humility is more the exception than the norm. However, delusion & bravado are never in short supply. And perhaps rightfully so. No one changed anything by adhereing to norms (I think i just quoted George Bernard Shaw
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A lot of founders also overestimate the competition and might be surprised to find that much of it is held together with luck and duct tape. Perhaps some ML thrown in there to optimize the luck/tape mix.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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