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> you shouldn't share that stuff with investors without having a conversation > I rarely open docsend docs and never on cold pitches Therein lies the conundru
by aerosmile 8y ago
> you shouldn't share that stuff with investors without having a conversation
> I rarely open docsend docs and never on cold pitches
Therein lies the conundrum: we are both right and wrong, depending on the context.
Scenario A: you just completed a hackathon and have no connections or existing investors to help you reach other investors => in this case you should reduce the barrier of distribution in any way possible.
Scenario B: you are running a seed funded startup and have enough traction to raise the A round => you will be getting warm introductions, and investors will be opening your links.
Most founders fall somewhere in between those two scenarios, starting at the Scenario A at the beginning of their careers, and slowly making their way towards the Scenario B. The nice thing about using DocSend is that it will tell you exactly if you're ready for it => just look at the open rate of your links.
> I do like having the deck in my inbox so that when the pitch changes I can see what they once did. Lots of founders will do multiple companies and abandon failures early, and I want to be able to see what they pitched me on six months ago.
This is what I meant with one-sided. Nobody disputes the value of that information to the investor. From the founder's perspective, however, you get this set of options:
1. the slide deck you were pitching 1/2/3 years ago materialized exactly how you predicted => congratulations, you're in Scenario B, and investors will be reading your deck no matter how you present it to them.
2. your old slide deck was overly optimistic, and you either underperformed, pivoted, or abandoned your startup altogether. Do you really want everyone out there to have this dirt on you?
- joshu 8y agoYou are deliberately misconstruing the things I said. One of those comments is about the disposition of content of the deck, not whether to share it. In the last para - “dirt” is inane. I know you pitched something but can’t figure out what it was at all looks as bad as you pitched something and there is still information. But neither look good. Instead you are increasing friction in the hopes of redacting possible dirt years from now?