3 ms·
People (including investors) aren't purely rational. After I already like you, think good things about you, etc. it's easier for me to explain away or disregard
by smanek 17y ago
People (including investors) aren't purely rational. After I already like you, think good things about you, etc. it's easier for me to explain away or disregard negative things.
I'm sure you've heard about the 'halo effect' or 'post purchase rationalization' (in this case the purchase price being time/effort, not money).
- lsc 17y agoyeah, but an 'unqualified' investor wastes my time as well as his. I've been approached by several entities looking to buy out prgmr.com, and we wasted a bunch of time dancing 'cause we weren't clear at the outset about what we wanted/had. I guess it wasn't entirely a waste of time; I was able to pass one of them off on one of my sort-of competitors. (hey, goodwill for me, and another competitor I don't have to worry about)