Yeah. This matches my (limited) experience chatting with investors. They’re a lot less smart than I was anticipating.
I’m reminded of something I recall Paul Graham saying (and I think I also remember hearing others saying the same thing): that you can think of investors as being like an iceberg where the tip that is above water provide a real value-add with their wisdom and guidance in addition to the money you received from them, and the bulk of the iceberg that is underwater are investors who you should just treat as providing you with no value-add on top of the money you’re receiving from them.
Yeah. This matches my (limited) experience chatting with investors. They’re a lot less smart than I was anticipating.
I’m reminded of something I recall Paul Graham saying (and I think I also remember hearing others saying the same thing): that you can think of investors as being like an iceberg where the tip that is above water provide a real value-add with their wisdom and guidance in addition to the money you received from them, and the bulk of the iceberg that is underwater are investors who you should just treat as providing you with no value-add on top of the money you’re receiving from them.