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zackkanter's profile
Zack Kanter
Zack Kanter
Zack Kanter
Verified account
@zackkanter

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Zack KanterVerified account

@zackkanter

Founder/CEO @ http://Stedi.com  (modern EDI platform) & previously Proforged (acq by Huron Capital), future-enthusiast, occasional blogger, all-around nerd.

Boulder, CO
zackkanter.com
Joined January 2012

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    1. Zack Kanter‏Verified account @zackkanter Jul 28
      • Report Tweet

      Zack Kanter Retweeted Harry Stebbings

      I think it’s great that seed investors ask for financial projections. It’s one of the most reliable signals for founders to quickly disqualify investors who don’t belong on their cap table.https://twitter.com/HarryStebbings/status/1155183001975873537 …

      Zack Kanter added,

      Harry Stebbings @HarryStebbings
      I am just bewildered that early stage investors still today ask seed stage startups for 3-5 year financial plans and projections. I mean what, are you serious?! 🤷‍♂️🤦‍♂️
      16 replies 20 retweets 141 likes
    2. Marlo Major‏ @marlomajor Jul 28
      • Report Tweet
      Replying to @zackkanter

      You really believe asking for projections is that invalid of a request? Why so?

      1 reply 0 retweets 1 like
    3. Zack Kanter‏Verified account @zackkanter Jul 28
      • Report Tweet
      Replying to @marlomajor

      Because it’s impossible to project, and therefore a waste of the founder’s time, and also can cause founders to stick to plans that don’t make sense due to commitment bias.

      2 replies 0 retweets 11 likes
    4. Tyson Trautmann‏ @TysonTrautmann Jul 29
      • Report Tweet
      Replying to @zackkanter @marlomajor

      The accuracy of the model doesn't matter. The fact that a founder takes the time to build one and constantly updates it as she gets better information does matter.

      1 reply 0 retweets 1 like
      Zack Kanter‏Verified account @zackkanter Jul 29
      • Report Tweet
      Replying to @TysonTrautmann @marlomajor

      It might be helpful for some founders and not helpful for others. Either way, I don't think it's required to be successful, and can be an antipattern in many situations.

      7:14 AM - 29 Jul 2019
      0 replies 0 retweets 0 likes

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