Is it a professional investor? Have they led before? Do they actively invest? If the answer is yes to at least any one or more of the questions, move on, they

Is it a professional investor? Have they led before? Do they actively invest? If the answer is yes to at least any one or more of the questions, move on, they aren't seriously going to invest. When you unpack the statement, they are really saying, "We aren't willing to put our money where our mouth is." Then, they add something like, "If you find a lead, come back to us." What they are really saying is, "If someone who is better at this than we are, more famous / notable than we are or can put together a syndicate of people we are interested in getting to know, then we MIGHT invest." Your best bet is to get back to work and / or find serious investors. Good luck!