"It's too early for us"
This came up in 3 investor conversations *just this morning*.
Founders often - more like always - get frustrated when they hear this. And especially, because they hear of $2.5M rounds that happen on just a deck. There are 3 such happening right now that *I know of*.
What founders don't get fully is the WHY --- the "risk" they carry VS those others who are getting idea stage checks.
PMF risk. Market risk. Team risk. Execution risk. Fundraising ability risk. And more.
It can help a ton if founding teams demonstrate the "risks they do not carry" upfront and establish justifiable comfort on one or more risks.
Nuances of fundraising that get overlooked :-)
Founders often - more like always - get frustrated when they hear this. And especially, because they hear of $2.5M rounds that happen on just a deck. There are 3 such happening right now that *I know of*.
What founders don't get fully is the WHY --- the "risk" they carry VS those others who are getting idea stage checks.
PMF risk. Market risk. Team risk. Execution risk. Fundraising ability risk. And more.
It can help a ton if founding teams demonstrate the "risks they do not carry" upfront and establish justifiable comfort on one or more risks.
Nuances of fundraising that get overlooked :-)