Why Do I Keep Getting NO From Investors?

If you want funding, you need to start with a business that is fundable.  Ask any serious advisor or investor and you will get an absolute truth: 99% of the ideas as they come are NOT fundable.

From here you have only three choices. One is not so smart. The other two are just fine.

1) The not so smart one is to insist that your idea is fundable and spend your time pitching it around. All you will get is NO. Sometimes polite NO. Sometimes insulting NO. This will result in a bruised ego and wasted time, wasted energy, wasted resources, wasted runway.

The two better choices are:

1) Develop your business to a fundable stage. Sometimes that will mean a pivot.  Sometimes, positioning for a different market. Sometimes, you’ll need to scratch the whole idea and start with a better one. There are a lot of things that can be done if you are determined to create a fundable business.

Or,

2) Simply accept that your idea is not fundable, at least for now, and get going by selling to customers.

The last two choices are both good choices and we can definitely work with you on either of them. I can give you more concrete feedback on your specific idea and situation if you come and discuss at one of my Free 1M/1M Public Roundtables.

Photo credit: sboneham/Flickr.com.