@paulg why not treat it for what it is ? Offer to invest contingent on others investing ?
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@vasilipoupkine Because naively optimistic founders regard it as an almost-yes rather than the almost-no it is.
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@paulg what's your advice/strategy to an investor who says that? -
@Bmenzalji Find investors who will give you money. -
@paulg well played Paul, well played.
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@paulg yes. Spend your energy finding a lead investor with unwavering conviction. -
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@paulg I know a so-called "reputable" VC in NYC who uses that weasel line as often as breathing.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg you're fired (but I don't want to say it)#MakeAmericaGreatAgainThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg social proof is as bad as signaling. If you are to invest in black swans, you need to feel alone investing. It needs to be a bad ideaThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg Who knew game theory would be useful in fundraising?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg isn't that the whole thesis of@davemcclure's 500startups funds? -
@rampok absolutely not. -
@rampok we are 1st check in the deal for at least 1/2 of our investments. -
@davemcclure heard a lot of deals for 500 in SE Asia are what@rampok said. CMIIW -
@jshkvn@davemcclure@rampok I prefer to assemble party rounds w co investors who add value. No issue if others lead, or if i have to do it -
@khailee@davemcclure@rampok won't argue with that. Early stage investors are very important, its value are more than just money
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@paulg contingent on specific others, others generally or both is basically a no?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg happens all the time on shark tank!! - 1 more reply
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