Right here’s What No One Tells You About Pitching to Traders
“We pitched. They didn’t make investments. Finish of story,” he mentioned after I requested how the pitching session went.
“And what did you do subsequent?” I probed, inquisitive about their follow-up technique.
“I wrote them an e mail telling them they need to f*** off and cease losing founders’ time. Cash is already scarce, and if solely buyers wouldn’t waste our time, all the things could be higher.”
My mouth dropped open. Sadly, this isn’t a uncommon case.
Founders typically stroll into investor conferences or pitching occasions with big expectations.
They’ve developed the most effective tech on this planet, poured their coronary heart and soul into it, spent hundreds on journeys, and anticipate to shut a deal instantly.
Proper within the first assembly.
On the investor’s workplace, the pitching occasion, or the convention.
“They’re there, we’re there, I want cash, they’ve it, so why not simply signal the deal?” they assume.
It is a setup for failure.
