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as an ex-founder and not an investor, I always found this discussion to be disingenuous. everyone claims to be bringing unquantifiable value to the table, and
by convolvatron 5y ago
as an ex-founder and not an investor, I always found this discussion to be disingenuous.
everyone claims to be bringing unquantifiable value to the table, and the only investors that actually do are mostly bringing their top-tier name and possibly some support functions coming out of the gate like specialized legal or recruiting. sure, sometimes you get a hire, sales lead, or business partnership .. but you also have to coddle them and it seems like thats a wash. I guess there is advice, some of which is pretty valuable, but its hard to filter that out from the overly general platitudes.
- jilijeanlouis 5y agoyes you're right. thanks why I said : actually help founder with what you know the best, do pro bono and build your reputation to get over the platitude and noise and build a "doer" reputation and of course act according to it.
- anamax 5y agoI agree that almost every startup investor claims to add more than money. I'm a bit more negative - I think that most investors add less than money, that "help" from most investors is, at best, a waste of time, and all too often actually harmful. I mostly agree with the idea that advice from most investors is useless. (That said, I do know an entrepreneur who says that some advice from a "not investor" got him into a very lucrative business that didn't need investment during the pandemic instead of flailing around looking for investment.) However, there are other useful deliverables.