A lot of founders think that when UR fund raising UR competing against similar companies UR actually competing against every company.
The real killer is that you're also competing with the investor doing nothing.
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ie you're competing against the US Treasury coz last I checked they've never stopped fundraising since 2003 to fund profiligate spending
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Don't they just get to print more money (instead of going out to "raise" it)?
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Just like with sales, your biggest competitor is often - customer choosing to do nothing.
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How do you overcome this as a founder? Make them fear doing nothing?
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Your only competition at the end of the day is yourself and your ability to execute.
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Not when it comes to an investor deciding where to place his funds . . . then, your company is competing with all other investments.
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This is the absolute truth! Despite what Buffett says about the worst risks taken being the ones you don't take . . . the prevailing belief is that you never make a mistake by NOT investing.
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