• Phil Hardwick

Top 10 Lies of Entrepreners – and Investors

March 12, 2012

This is straight from Guy Kawasaki’s blog.  He’s seen it all.

Top Ten Lies of Entrepreneurs

  1. “Our projections are conservative.”

  2. “Jupiter says our market will be $50 billion in ten years.”

  3. “Several Fortune 500 companies are set to do business with us.”

  4. “No one else can do what we’re doing.”

  5. “Hurry up because other investors are about to do our deal.”

  6. “Our product will go viral.”

  7. “The large companies in our market are too big, dumb, and slow to compete with us.”

  8. “Our management team is proven.”

  9. “We filed patents so our intellectual property is protected.”

  10. “All we have to do is get 1% of the market.”

The average number of these ten lies that I hear in most pitches is ten. At the very least, tell investors new lies.

Top Ten Lies of Investors

  1. “I liked your company, but my partners didn’t.”

  2. “We are patient investors who want to help you build a great company.”

  3. “If you get a lead, we’ll invest too.”

  4. “There are no companies in our portfolio that conflict with what you’re doing.”

  5. “Show us some traction, and we’ll invest.”

  6. “We love to co-invest with other firms.”

  7. “We’re investing in your team.”

  8. “We have lots of bandwith to dedicate to your company.”

  9. “This is a plain, vanilla termsheet.”

  10. “We will get other companies in our portfolio to work with you.”

Read more: http://blog.guykawasaki.com/#ixzz1ov4zANHM

#top10liesinvestors #inestmentlies #GuyKawasaki #entrepreneurship #top10liesentrepreneurs

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© 2020 Phil Hardwick


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