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Rejected by a VC: The Lesson I Learned Years Later
- Entrepreneurs always remember the first venture capitalist who rejects them and that first big rejection can leave a wound that never feels like it fully heals.
- But there's no need to take those rejections personally; venture capitalists have a specific investment thesis they follow, and if your company isn't a fit, they won’t invest.
- A VC's rejection shouldn’t be considered the final word on a startup's potential, it's just feedback to be learned from to improve the pitch, tweak the business model or strengthen the team.
- When you embrace rejection rather than stewing over it, it becomes easier to learn from it and make the most of it.
- The mistake entrepreneurs make is thinking they know what the VC wants instead of focusing on fitting the VC’s investment thesis.
- Every rejection given is actually a valuable lesson that helps you refine your pitch and improve your game.
- Rather than sulking or arguing with the VC, accept the feedback and work towards making your company a better fit for them or for another VC's portfolio.
- Rejections help entrepreneurs build resilience and help them scrutinize their venture from different perspectives.
- Every step you take will help you improve the standing and potential of your venture. Getting rejected initially in multiple places is not detrimental to success.
- Being rejected by a VC could be a gift, forcing you as an entrepreneur to evolve, to get better and to grow into the founder you are today.
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