Why are most entrepreneurs frustrated during their fundraise
Wonder why most entrepreneurs are frustrated during their fundraise?
Top reasons I can think of:
The analyst you meet is not the decision maker, so they don't have an answer
The investor does not want to say no blatantly, so keeps saying maybe
The investor does not have enough knowledge about the business to say no and provide reasons, so keeps saying maybe let's see in 6 months
The investor has a FOMO and does not want to lose an opportunity but doesn't have convicton, and hence plays on the sidelines
These are valid reasons, but very very frustrating for the entrepreneur!
As an entrepreneur, you must understand most Maybe's will turn into No's and its in your best interest to hear it as soon as possible
This will save time and disappointment later on!
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