One Surprising Reason You’re Not Getting Honest Feedback
Fundraising can be frustrating for companies. There are a myriad of reasons, including the time it takes from making a real product and helping customers. Beyond that, the most frustrating aspect for me personally is the lack of feedback.
I had thought that the million ways investors can say “no” indirectly was about keeping optionality. They want to be able to come back later to invest, and this desire blocks the honest negative feedback you’d expect with a direct “no”.
I recently learned something surprising from an ex-VC about what is really going on. If investors gave a direct “no” with a detailed explanation, the problem isn’t you, but other bad founders.
A good founder would listen attentively to any feedback. They’d try to understand if it was a problem with clarity in their pitch. They’d seek to find where they could...
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