You Just Got BLOCKED!
This is how you avoid time wasting investors as a founder (or time wasters in general)
As a Founder, your time is the most precious asset that you have.
You might not have:
-the funds you need
-the people you need
-the tech you need
-the connections you need
But you have something much more important.
Your time!
And your time is golden.
Because it allows you to be creative.
It allows you to find:
-the funds you need
-the people you need
-the tech you need
-the connections you need
And that’s exactly why you have to becareful with time wasters.
And step one is understanding.
Why do people waste time in business:
(I am talking here about investors who clearly say I will invest or sign this deal and then do not do it)
- Social Validation, maybe you have some social proof and they are happy to have met you.
- They aren’t the real decision maker.
- They want to feel important but they don’t have the money.
People who are serious in business do not ghost you.
They will usually give you alot of objections.
That just means your not good enough yet.
And that’s ok.
But investors who ghost you.
They Were never serious in the beginning
Now here is the fix!
You Need To Learn To Be Tough!
Ask these questions:
- Have you invested in a company like ours before (web3, fintech, AI etc.)
- When was your last investment in a startups?
- Our round is $1M. Do you have atleast $150K liquid if we were to go ahead?
- Are you willing to wait a few years to see your investment grow?
Getting investors to answer yes to these questions will dramatically reduce the amount of ghosting you experience.
Visit my LinkedIn profile and send me a DM.