It would be better if investors gave no reason when they turned cos down than their usual "it's not you, it's me" reasons.
I've seen so many otherwise smart founders mistakenly try to adjust their companies after bogus rejections from investors.
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Next time you hear "It's a crowded market," or "We're concerned about your low margins," just translate them to "No."
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What about "we don't think the market is large enough."
End of conversation
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I remember hearing "believe the answer but not the reason." Think that still holds?
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Or is this about certain kinds of lame investor answers only?
End of conversation
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Adjusting is required in some instances. Especially when you have people in the industry that want to be the only company in that industry.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Peter Thiel, said competition is for losers, build a monopoly; wants FB to be the last social network. Monopolies are for future losers
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Don't be a monopoly, instead be the best in the industry, with lots of competition.
End of conversation
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