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.
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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."
Example of a startup in (what was) a crowded market: Google. Example of a startup with low margins: Amazon.
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Your advice appears to be based exclusively on survivorship bias. Being in a crowded market does not transform you into Google.
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Was that what I meant?
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In my exp only good investors say no. The others give you homework
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I wonder if founders have tried retorting the Socratic method. "Isn't it true that Airbnb was 'not a fit' for certain investor portfolios?"
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Hi Paul, are you sure Amazon's margins are 3%? To me, it looks like they're just re-injecting most of the profits into the company.
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What could be example of virgin market? Tesla, Uber or what?
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