Photograph that scenario and let me know when it sounds familiar. You've achieved with a possible personal angel investor about your start-up opportunity. Throughout the conference the individual angel investor informed you that the company program "sounded interesting" and they "really liked the opportunity" ;.They enthusiastically shook your hand on the road out the door and you left sensation elated.
Days later you waited patiently by the phone for a follow-up call, but the telephone didn't ring. You checked your email, your quick messenger, and your texts - nothing. The days shortly converted into days and somehow you never heard a look from those very involved private angel investors.
The small solution is that nothing gone improper - that's the way personal angel investors work. You see, private angel investors speak a different language that a lot of entrepreneurs have a hard time angel investor school. They inform entrepreneurs that they're stoked up about a company opportunity which entrepreneurs of course try mean they're willing to invest.
What they actually mean is they have number interest in buying your organization, but they want to keep the partnership on a positive note in case they actually modify their mind. It's like going on a date in senior high school with somebody and not officially telling them you're perhaps not involved - in case one day they develop into Brad Pitt or Angelina Jolie.
The truth is that private angel investors can't afford to express "no" to any prospect in an immediate manner. Most options that pass through their door may appear horrible nowadays, but tomorrow they may be the next MySpace or Google. Intelligent personal angel investors understand that there's no price in destroying a relationship by having an entrepreneur simply because the deal doesn't seem sensible today.
That is of course entirely frustrating to the entrepreneur. In life we're applied to hearing "no" when somebody suggests "no" ;.To create issues worse, entrepreneurs are so excited to have their discounts funded they usually comprehend something that isn't a "heck no" to mean "yes."
Personal angel investors have produced what I contact the "extended no" into an art form. They've found dozens of ways in order to avoid stating "no" while meaning "no way" ;.The result is just a long, roundabout way to share with you "no" without really expressing it. To help you understand why method slightly more, let me offer you some types of what the "extended no" appears like