The 5 Biggest Lies Startup Founders Tell Investors
There are plenty of lies that startups make up in order to get a chunk of money from a VC. And most of them are really easy to spot.
Translation:
"We're taking every intro we can get... which isn't many."
"We're being selective on the investors we let into this round."
Translation:
"Finding people to invest has been really hard for us."
"We're taking our time to make sure we find the right partners
for this round."
Translation:
"The market size isn't significant enough for them to care."
"Our competition is too big and slow to come after us."
Translation:
"We want to finally pay ourselves."
"We're raising money to scale quickly."
Translation:
"Our KPIs are totally wrong but these numbers are growing."
"We're seeing 20 percent month-over-mon
th growth from the first month of launch."