Too difficult to DD
Here's a recent reason I passed on an investment opportunity:
"The main reason is that this is hard for me to DD. I have all the information you shared but I'd need to independently verify the state of technology in this space, how big a pain point you solve, and how easy it will be to bring to market. I can't justify the time spent on that without a higher confidence level up front."
Sometimes I'm interested in what you're doing but I have to be brutal to manage my own time.
#founders #startups #venturecapital #buildinginpublic #investinginpublic