• Wade Myers

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.

Can't find an answer? Contact us and we'll get back to you!

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