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Don't investors call this a "lack of conviction"? If I walked into a meeting with YC and kept changing my mind as soon as PaulG asks me a hard question... I do
by yawnxyz 3y ago
Don't investors call this a "lack of conviction"?
If I walked into a meeting with YC and kept changing my mind as soon as PaulG asks me a hard question... I don't think I'd get in.
- bhouston 3y agoI think in a VC pitch you need to have a point of view so they know what they are financing - otherwise you have nothing -- but once you get the money, you should be free to do pivots, within reason, to ensure success. You should always have a thesis (or more than one) and test it and adjust your business accordingly.
- mcv 3y agoYeah, you shouldn't change your mind immediately after the first resistance to your conviction. But you shouldn't merely brush it off either. Take it seriously, think about it, consider different angles, and then change your mind if that really seems more accurate.