Image that circumstance and let me know if it looks familiar. You've met with a potential private angel investor about your brand-new start-up opportunity. Through the meeting the private angel investor told you that the business program "sounded interesting" and they "actually liked the opportunity" ;.They enthusiastically shook your hand on the road out the doorway and you left feeling elated.
Days later you waited patiently by the telephone for a follow-up call, but the device didn't ring. You tested your e-mail, your immediate messenger, and your texting - nothing. The occasions shortly turned into days and somehow there is a constant heard a peep from those extremely involved personal angel investors.
The short answer is that nothing went improper - that's the way in which personal angel investors work. You see, private angel investors talk a very different language that many entrepreneurs have a hard time translating. They inform entrepreneurs that they're worked up about a company opportunity which entrepreneurs of course take to mean they are ready to invest.
What they actually mean is they've number interest in buying your company, but they wish to leave the partnership on a confident note just in case they ever modify their mind. It's like going on a romantic date in senior high school with somebody and perhaps not technically showing them you're perhaps not interested - just in case one day they become Brad Pitt or Angelina Jolie.
The simple truth is that individual angel investors can't manage to state "no" to any prospect in a direct manner. Many possibilities that pass through their home may appear bad today, but tomorrow they are often the following MySpace or Google. Intelligent private angel investors know that there's no price in ruining a relationship having an entrepreneur because the deal doesn't make sense today.
This really is needless to say completely frustrating to the entrepreneur. In living we're used to reading "no" when someone indicates "angel investment groups" ;.To make issues worse, entrepreneurs are very excited to obtain their offers funded they often perceive something that isn't a "heck no" to mean "yes."
Private angel investors have built what I contact the "extended no" into a skill form. They've found lots of methods to prevent saying "no" while indicating "no way" ;.The result is just a extended, roundabout way to share with you "no" without really expressing it. To assist you understand this process slightly more, let me offer you some samples of what the "extended no" seems like