> b) the recipient was not their first choice (ouch, you can hear the ego taking a glancing hit) We can be as cynical about this part as we want, but I think w

> b) the recipient was not their first choice (ouch, you can hear the ego taking a glancing hit) We can be as cynical about this part as we want, but I think what is meant here is that startups should try to raise investment from VC's or investors who are a good match. If I'm down to the 20th VC on my list - that list is sorted a way for a reason by the startup founders. It's easy to assign this to ego but I think being a rational actor, it is also a signal like the pitch deck date.