Paul GrahamVerified account

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.

Next time you hear "It's a crowded market," or "We're concerned about your low margins," just translate them to "No."

Do you think it's meaningful if a lot of investor rejections cite overlapping rejection reasons? E.g. numerous VCs cite low margin concerns.