Some call a “No” the next best thing to a “Yes” when you are fundraising. Part cliché, part true, in my opinion. Because a “No” is only valuable if you understand it. Otherwise it can be a huge time waster. And getting a clear and fast “No” from angels and VC’s is not always that easy.
Before we got a firm “Yes” we got our share of “No’s”. Here is my personal guide to the land of “No” when you are raising seed capital.
I have found basically five kinds of “No’s” – and I have come to truly respect two of them
and found ways to deal with the others:
1. The “No” in advance. This kind of “No” you get on angels’ and VC’s websites, in interviews and other sources like Quora and Formspring. Here are some examples:
* “We never invest outside the US”
* “We only invest in B2C”
* “We have never invested in a company which hasn’t been referred to us by someone we trust.”
To read the full, original article click on this link: The 5 “No’s” to expect while raising seed capital » Markify Blog
Author: Benoit Fallenius
