“Your startup is interesting, but come back to me when you have more traction.” This is a common diplomatic phrase made by VCs when they are not keen on investing in you, but keeping the door open just in case you suddenly become a hot investment.
Since my days of pro-bono advisory to over 600 startups, fundraising has been trying, if not vexing and complex for noob startup entrepreneurs. (Hey I have been there myself too.)
Image: http://ventureburn.com