Before everyone here attacks me - I know not every investor is going to think you’re building anything valuable. I get that you should take their feedback and move on.
But I need to vent after a particularly ROUGH investor pitch meeting. Actually it was a practice pitch. I found it on meetup and thought I could get some pointers as well as concept validation & feedback. There were 4 investors on the call.
Most of them evaluated my pitch & product, gave me useful feedback on what I could be doing better and why they would or would not invest. And then there was Bob. (Not his real name.)
Bob challenged me on every detail of my pitch, which I expected (that’s the point right?) But then he became LOUD, yelling, asking me questions and talking over me during my answer. When we were talking about competition, I listed a number of my competitors - intentionally choosing large/med/small companies and highlighting our differentiators.
Bob happened to be familiar with a competitor I hadnt heard of before. They were a very small company overseas who are working on something in the same vertical but not the same product. Anyway when asked me how I’m different from “company x” I simply admitted I was unfamiliar with them.
Then bob lost it. How could I not know the name of every single company on earth building an AR product? He said he did not take me seriously as a person or a founder, that I have no business starting my own company, that I am uneducated and uninformed, that my idea has no real value, and that he would never invest in me as a person.
I was totally dumbfounded. I get it, I made a mistake and should have known the name of that one obscure startup overseas but I didn’t. I thought the purpose of going to practice pitches was to get critiqued, not attacked. It was awful to be embarrassed in front of so many of my peers and strangers during what was supposed to be a workshop.
Anyway maybe my mistake warranted his comments but regardless I need to vent after a hard day :(