A blog on technology commercialization and early tech-based start up development
I guess this is the very first time I’m thinking about this… As an investor, you’re supposed to help people out - and the money is often the least interesting asset you should put on the table.
Sure, money can do a lot - mostly, it can speed up stuff. But take a look a tech accelerators like Y Combinator, Techstars, Seedcamp, or One Year Labs… These guys are giving much more than money - they are coaching, bringing ideas, creating networks, improving skills, educating, pivoting, and adding so much more value!
Now, my question is: Are you helping entrepreneurs when you refuse to invest on their idea? From an investor point of view, you’re protecting your assets, reducing your risk, strategically managing your investment portfolio, and so on… But this can be devastating for an entrepreneur - his idea just got refused! How can you say know when you’ve asked him to share with you some of his biggest hopes and expectations?
Well, I guess it is natural to say no - sometimes it isn’t the right idea, the right time, the right implementation, the right team. Nevertheless, an investor still should be able to leave added value on the table, providing the most honest feedback he can give, and leaving the channel open.
Guess I had a tough time today saying another no… Welcome your thoughts on this!