There are some things that you never ever hear as an early stage investor, especially investing in early stage technology startups.
Here is a list of the things that investors just never hear:
We are very passionate.
I’ll quit my job if you make an investment.
We have the best team.
Our team is amazing.
This app will change the world.
Instagram sold for a billion dollars without revenue.
Everybody loves our idea.
If we just get 1% of this big market.
There is no competition.
There is nothing like this on the market.
Our company is pre-revenue.
I will work really hard.
We have this amazing idea for bars and restaurants.
This idea with 10 power point slides, 2 mock ups and 1 crappy logo is worth a million today.
We only need a technical co-founder.
We are product people.
Everyone will use our product.
But we have lots of FB likes.
Ok, I lied, investors hear these things all the time.
Red flag. Makes sense to avoid saying them.