Five Ways to Make Sure You Get Turned Down by Venture Capitalists

I get this all of the time as an angel investor:

• "My idea is bigger than Google or Facebook"

• "We are the Uber of __________" (fill in the blank)

• "We’ve been focused on product and haven’t had time to meet with any customers"

• "We need $______ million" (but don't provide any details on how you arrived at that number)

• "Here's my plan" (a one-page high-level financial forecast with no details, no unit economics, and no backup for that wild Revenue spike or 65% EBITDA that no company on the planet has ever achieved)

Please do me a favor: Do  your homework. Talk to Customers. Use the Startup Financial Model app. Then at least you will know what you don't know.