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Yet 4 More Ways to Get Automatically Rejected by an Angel
by John Cappiello on November 11, 2009
The article Max mentioned, 4 ways to get rejected by an angel, had a follow up piece on Venturebeat, 4 MORE ways to get automatically rejected by an angel investor.
The follow up calls out:
- Having a big monthly burn
- Pretending this isn’t risky
- Not interviewing the Angel
- Not having an exit strategy
I particular like the part about pretending this isn’t risky. I can’t even begin to remember all the ideas I’ve heard that are sure things. Working with an investor should be a healthy relationship, not one started on a false premise. Everyone knows startups are risky. If they weren’t, everyone would be doing them, and be a huge success. Be honest and give all the facts, but show why your calculated risk has a good chance of working out well for both of you.
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