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Sorry I stand by my initial statement. The problem was that you knew the numbers were no good, not that you needed to be a better actor. When I was younger i w
by paulsutter 14y ago
Sorry I stand by my initial statement. The problem was that you knew the numbers were no good, not that you needed to be a better actor.
When I was younger i would have agreed with you. But now that I've been a founder of successful companies and in management at a major Internet company, I know from experience that sales
projections can range from a total wild-ass guess all the way to rock solid numbers that you can bank on.
Investors love the latter and hate the former. Sobriety is much admired by VCs and cocky posturing is a losing approach. The more experience you have, the more you will understand how to soberly and realistically estimate an opportunity.
Some opportunities really are sized with more digits than others, and this fact has nothing to do with culture.
Read the recent article titled something like "VCs lie, and I do too". He points out that it's really hard for VCs to give candid feedback about shortcomings in the team. I have no such difficulty: your team is woefully inadequate, today.
Get going. Dive in. Make stuff happen. Be extremely realistic and especially honest with yourself about the opportunity you're addressing. I was a naive punk once too, and remain a slow learner. You have a lot to learn but if I could you definitely can.