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I read through the thread and his tweets. He's saying that he doesn't read the business plan, balance sheet or the pitch deck. He just asks them questions, ans
by ComradePhil 5y ago
I read through the thread and his tweets.
He's saying that he doesn't read the business plan, balance sheet or the pitch deck. He just asks them questions, answering which would answer everything in those documents.
So, basically, in addition to writing all these things, you have to read it out to him because Mr. rich guy investor doesn't want to read it himself.
- lumost 5y agoIt’s a time saver, if people don’t have a good answer to a question they are likely to write a lot of info which doesn’t answer the question. In conversation you can pick up the BS a bit more readily than in a document.
- oaiey 5y agoI would argue that this is far more complex than he being lazy. A slide deck or any document is well curated, optimized and spin'ed in a way that the creator wants it. Same reason why I actually prefer to write meeting minutes. He does what anyone sane would do: ask the question and get real reactions. Most people are much better in lying (aka optimizing) on documents than in real life.