Written by (author unknown) and syndicated from Venture Hacks

Shared by ThomasEskebaek
A really good thing to keep in mind when doing the rounds and pitching, pitching, pitching, and pitching

Simeon Simeonov:

“You have to understand that you are not competing with an abstract notion of what a good investment is. You are competing with the other teams that saw the investor that week.”

This is why investors often don’t have good reasons why they’re passing. Maybe your company is good, but the competition is simply better. It’s really hard to understand this until 20 companies pitch you in one week. Simeon continues,

“To an investor, it costs about the same in terms of time to make a big or a small investment. Given the same risk/return expectations, they’d prefer the large investment most of the time.”