3 ms·
I agree that more honesty when you don't like ideas is needed. A few years back when I started a company (as the tech founder), we approached a high profile inv
by dvirsky 13y ago
I agree that more honesty when you don't like ideas is needed. A few years back when I started a company (as the tech founder), we approached a high profile investor. He was positive at first and then cooled off after a few days.
Then he took me for a walk during a convention we attended together, and he said very bluntly: "Listen, this will never work. Your product is nice and you can execute the tech part, but your go to market strategy is all wrong because [XYZ]. I have been known to be wrong before, but you guys are basically driving off a cliff".
The irony is that because we had a bullshit guard up for every word coming from anyone in the industry - that we just said "hey, he's wrong, next investor please". His advice was pure gold, and in retrospect, spot on about the problems we had, that could have been fixed at that stage.
- delinka 13y ago"Stupid idea" "Never work" - these are not constructive things to say. They make people have the same reaction you did. "Your go to market strategy needs to fix XYZ." This is the kind of feedback people are looking for, and when presented this way, will probably result in more successes overall.
- dvirsky 13y ago"Stupid idea" is indeed not constructive. "Will never work because [XYZ]" is constructive IMHO, although not very polite. Being Israeli I prefer brutal truths over polite bullshit. And personally I try to be honest with people showing me their ideas - while being positive and polite. But knowing the scene, not all Israelis are like that.