Ending Graciously
Analysis
The article excerpt from The Next Web highlights the importance of transparency and a realistic approach when pitching to investors. The author recounts a story where they impressed an investor by not only outlining potential successes but also acknowledging potential failures. This forward-thinking approach, including a humorous contingency plan for a farewell dinner, demonstrated a level of honesty and preparedness that resonated with the investor. The excerpt emphasizes the value of building trust and managing expectations, even in the face of potential setbacks, which is crucial for long-term investor relationships.
Key Takeaways
- •Transparency and honesty are key when pitching to investors.
- •Acknowledging potential failures can build trust and demonstrate preparedness.
- •A realistic approach to investment can foster stronger investor relationships.
“And if all our predictions and expectations are wrong, we will use the last of our funding for a magnificent farewell dinner for all our investors. You’ll have lost your money, but at least you’ll…”