Absolutely. And the founder probably recognizes this notion of adverse fill in other situations they've been in. It's tough to recognize and apply the same set of filters across a different environment.
Its a bit like dating, usually don't want to date the crazy inbound person. adverse selection bias. (unless they are super persistent, and then you might have a diamond in the rough situation).
Absolutely. And the founder probably recognizes this notion of adverse fill in other situations they've been in. It's tough to recognize and apply the same set of filters across a different environment.
Late on this post, but would also say that understanding what you want and need as a founder raising capital is part of the issue.
Unless you're me, fundraising for MakeLoveNotPorn and having to adopt a highly specific approach to find investors :) https://dearcindy.substack.com/p/dear-cindy-how-do-you-find-investors
Its a bit like dating, usually don't want to date the crazy inbound person. adverse selection bias. (unless they are super persistent, and then you might have a diamond in the rough situation).