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Is this because you get a lot of bogus pitches from strangers or that you don't believe in the validity of the Business Model Canvas and corresponding metrics o

• omarhaneef 7y ago
  This is the right question. Can’t speak for op, but if you decide to invest at any level it’s like a firehose with dozens, or hundreds of pitches coming at you. You may not have time to read them all let alone apply any reasonable diligence. AI photo recognition drones that there are dozens of but we do it with a solar blockchain! Um... maybe? What are the sales? Who do you sell to? (Note: almost always pre sales) Now imagine the smartest person you know recommends a company. They give you a 7 second hook: yes, photo sharing has been done before but these guys have a contact with the CIA because the pictures cannot be modified without giving it away etc. suddenly you’re interested because they did the work.
• kenneth 7y ago
  Some of it is just filtering… I'm constantly bombarded with pitches, the vast majority of which range from bogus to just not ready. The things that come in from trusted recommendation are usually of a much higher quality bar, which makes it worth the effort to spend serious time investigating. I still read (or at least skim) every pitch that comes in, even the cold email stuff. But the quality in general is just so much lower, and the pitches just not that compelling, so I rarely follow up on it. Context and timing of the first contact is important and can make a huge difference to the level of consideration.