- “I really don’t want investors meddling in the business.” I heard this beauty from someone who asked me for an introduction to an investor. Needless to say, the conversation stopped there.
- “Our financial projections are conservative.” Puhleeese. You’ve got revenue of um, zero, now. And within three years you’ll have $x0,000,000. Sounds very conservative to me.
- “I’ll send you my pitch deck.” NOOOOOO. Send a 1 page synopsis. You should present your pitch in person, or at least via web conference.
- “Before I tell you the basic idea, I’ll need you to sign an NDA.” If you think your basic idea is the true source of the value you’ll create over the next 3 – 5 years, you’ve got bigger problems. It’s (nearly) all about how well you’ll execute.