Startups seeking angel funding shouldn’t be so afraid of the word “no.”
In fact, “no” is usually the next best word — after “yes” — you want to hear. Get to “no” as fast as you can.
It’s not easy. Angel investors and VCs have little incentive to say no. After all, something about the situation may change, and the investor might want another shot at the deal. Why close doors and foreclose that possibility?
Of course, all this means is that founders are victims of the “slow no.”
To read the original article: Talking to angels and VCs? Get to ‘no’ as fast as you can | VentureBeat
