Complementing vs. competing
Founder / PM: Am I bankable? I don't get it, my returns are great. What am I doing wrong?
Me: What are you saying to investors?
Founder / PM: I'm telling them the truth. The big hedge funds are s***. They charge high fees and deliver low returns.
Me: Is that how you start the convo?
Founder / PM: Yes. I can list all the "bigs" and their crappy performance over the last few years. Why would anyone invest with them?
Me: Right well it doesn't usually help to lead with an industry bashfest. Perhaps you could show how you complement those "bigs" and bring something different, solve some problems.
Founder / PM: No. Anyone who invests with them is a fool.
Me: Okay, but they are really big, so a lot of people invest with them... it's not a zero sum game.
Founder / PM: It is for me. I need to raise money. I'm not. They are. It pisses me off.
Me: Yeah, that's pretty obvious. To me and to potential investors. Gotta be honest. It's not a good look and it's not helping.
Act like you've been there before, like there's plenty of money. Because there is.
A mindset of abundance, an attitude of helping
Complement vs compete. It's way more bankable.