This post reminds me of a founder I worked for. We had a pitch meeting where one of the prospective investors laid out exactly why the founder’s idea was fundamentally flawed based on the investor’s personal experience as a past founder working on a variant of the same idea. The investor also explained what paths forward our founder could take with clear and actionable ideas before the rejection.
After the rejection the founder told us “the investor is biased because he failed so if we succeed it will hurt his ego” and proceeded to ignore all his advice. Well 6 months later when we tried to get users on the platform everything the investor had said turned out true and the startup limped along for another couple years on angel funds, thankfully without me.
After the rejection the founder told us “the investor is biased because he failed so if we succeed it will hurt his ego” and proceeded to ignore all his advice. Well 6 months later when we tried to get users on the platform everything the investor had said turned out true and the startup limped along for another couple years on angel funds, thankfully without me.