For a startup to gain momentum, they need feedback, and they need it fast. 🏎
When I choose to not continue the process with a company on a diligence call, I’ll offer to deliver my thoughts on the opportunity in real-time, during the call.
All I need to hear is for the founder to ask for the rationale or to request feedback.
“What do you see as the biggest risk(s) associated with my solution?”
“Why, specifically, are you passing today? What would you need to see?”
“Do you have any suggestions for how I can improve my pitch or my solution?”
This allows the founder to get ~ free consulting ~ on-the-spot, rather than a follow-up pass note through email, which likely would not go into the level of detail the founder would need to meaningfully advance their business.
This is also a means to get the information upfront as fast as possible so founders can iterate right away.
But, I want to hear from startup founders.
Which way do you prefer to get feedback from an investor who chooses to pass (immediately, on-call or email follow-up)?
No right or wrong answers here.
I just genuinely want to know what works best for most people, so I can tailor my approach.
Thanks to all of you who respond! 🥰
