Not all founders deliberately schedule a handful of lame investors first, to get the bugs out of their pitch
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The behavior of investors is often opaque to founders 1 0 2Before talking to investors, startups need to be introduced to them 1 0 2Underestimating the amount you hope to raise sends useful signals to investors 1 0 2If you have multiple founders, pick one to handle fundraising so the other(s) can keep working on the company 1 0 2Even if there are still one or more founders focusing on the company during fundraising, growth will slow 1 0 2Good investors don't lead startups on; their reputations are too valuable 1 0 2Some founders deliberately schedule a handful of lame investors first, to get the bugs out of their pitch 1 0 2Investors may pressure founders to stop raising money until they commit to them 1 0 2Founders should be cautious even when potential series A investors have great reputations and work fast to provide termsheets 1 0 2Having one founder take fundraising meetings avoids real-time negotiations 1 0 2