Hump day chat. I have a charity event to go to, theme is 80..
Added 2024-03-14 07:33:29 +0000 UTCHump day chat. I have a charity event to go to, theme is 80's - do you like my dress? And my HR lady is excited about my new company, now I have to close some venture capital investors and get going. We'll see... By the way, on TV or on Shark Tank, it's often presented as the founder of a company begging and submitting to the investor "oh please sir, perchance shall you give me money?" But that's not how it is in real life. In real life, venture capital people - especially junior people - must maximize what's called "deal flow". They must see as many start-ups as they can, it's a core metric they're measured on, if their deal flow is low, they're fired. They must beat the street constantly looking for potential deals to invest in and get them in to the VC firm for others to look at. So they're under great pressure to hear me (or anyone with a reasonably feasible proposal) Plus, it's a conversation and a story telling. They're not going to be mean to me or grill me (like you sometimes see on shark tank). I'm telling a story of a possible future vision, and if they can see it my way - believe in my story - then the projections and financials and backup info is somewhat secondary because everyone knows that's a best guess and likely to change anyway. I'm gifting them an opportunity, I'm not subtracting their money, they know that. And I'm not faking them out with a "story". It must be believable and the best way to do that is to tell the truth. The truth sells itself. And my story is my perception of what I think the future truth is - if they believe that truth as well, they'll bet on me, not on what's in my slide deck. Anyway...just some blah blah on entrepreneurship. Is that interesting or boring?
