i would question the assumptions in this response. valuation and investment terms are something to negotiate, rather than assume that they would be unattractiv

i would question the assumptions in this response. valuation and investment terms are something to negotiate, rather than assume that they would be unattractive. there are data points of folks raising money at significant valuations without working prototypes etc. when opportunities come your way, don't shut them out just because you assume that they won't work out. generally speaking, the first investor is the hardest to recruit.