6 2 Fundraising Understanding the Investor m

I really want to ask like as a mentor, as an investor

How, what would be the

The elements for you, to choose somebody to work with

Let's say that personality that proactive taught you

Yeah

Okay

By far the single most important thing is teachability

Will they listen if someone who might know more of them says some should be different?

I guarantee you, virtually every investor I know

if you come across as stubborn or unwilling to change your views

in the face of maybe someones informed opinion. It's over, nothing's going to happen

It makes perfect sense too

Whether you're in school or work, even playing a game with somebody

you know, if you're really stubborn and it has to be your way and I say my way or the highway

it doesn't work that way

It's not how the world works

Community's function through cooperation not through having a position sticking to it

no matter what

That's the biggest thing

Then after that, you want to see, are they clear and concise about

Again, the problem they're trying to solve in the solution, they think will solve it

What is the demand like in the market?

How much do people really want this problem solved?

Competitors. Who else is doing it?

It's unlikely that nobody else is trying to solve the problem you're trying to solve

Because there's so many people doing so many things

A lot of folks think no one else is doing this

If I hear that it's over

because I guarantee you, just because you don't know about it

Doesn't mean it isn't happening

A lot of things happen in stealth

and you're never going to know until it comes to market

So you should always assume others are doing it

You have to be on, you have to be the best

at what you're trying to do to survive the threat, they might represent

And then I would say the clarity about how realistic are you

about the actual process involved in developing your solution

That's the start to finish

So it's problem, you're trying to solve

The solution, you're trying to do with. Who else is doing it?

What's the qualification of the team that you've assembled around you

even if it's just you

And then how much time and money and risk will it involve to get to some stage of?

Here's what we're trying to do.

We think it works well enough

Please give it a try

Do some beta testing, get the feedback and improve it and then get ready to release

I feel like what we normally call a coachable, right?

Exactly, same thing, same thing

Yeah, coachable makes it become more like a border

because sometimes it's not about right or wrong

It is about like, let's open another perspective and - right - do something about it

if not why we need to be here together, right?

So if someone gives some perspective or help you to have another perspective

let's do something about it to test it out and co-create that journey

right, so it's really two things

Is someone willing to listen to somebody else's opinion?

And are they willing to admit?

They don't know at all themselves

That's a big, that's a big one

That's a lot. We call it know-it-alls, lots of know-it-alls out there

Even I've been accused of being a know-it-all but I think that's wrong

I just feel like it is same

Maybe the same as but I would look at it as somebody

who partly be honest enough for with themselves to know that where they are now

and what they want to do and whether they want to go

and then there's somebody who co-create the journey with them

and they should make the best out of that, instead of sticking to the previous patterns

Otherwise there's no reason to actually having somebody else to co-create the journey