> b) the recipient was not their first choice (ouch, you can hear the ego taking a glancing hit)
We can be as cynical about this part as we want, but I think what is meant here is that startups should try to raise investment from VC's or investors who are a good match. If I'm down to the 20th VC on my list - that list is sorted a way for a reason by the startup founders.
It's easy to assign this to ego but I think being a rational actor, it is also a signal like the pitch deck date.
Absolutely true I think. My intent was not to be too cynical (but feelings do matter though, especially if all you have are weak signals meaning you have to call it by gut feel).
We can be as cynical about this part as we want, but I think what is meant here is that startups should try to raise investment from VC's or investors who are a good match. If I'm down to the 20th VC on my list - that list is sorted a way for a reason by the startup founders.
It's easy to assign this to ego but I think being a rational actor, it is also a signal like the pitch deck date.