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by hummel
2220 days ago
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It especially bothers me to find the same kind of post every X weeks. Compiling pitch decks, hundreds of pitch decks, use these pitch decks from successful companies. You can be one of them too! That's a lie, you can't. Not only economic conditions, political environment and personal relationships matter, but we are simply selling the same idea to hundreds of thousands of entrepreneurs around the world. The boomers are determined to explain to us how successful they were and the steps they took to achieve their enormous fortune and success. What they forget to explain is how a large part of their success is based on the economic conditions created by their parents and mostly on fraud or dubious behavior. We sell the idea that they can be Google or Facebook, that they can compete or create new markets. But this idea is false. They have capitalized on all economic sectors, all market verticals and captured 90% of the existing opportunities. And if they forget some of them, they can eventually buy it. They drown you before you're born. The market is rigged, even if you find market-traction, you will fail to attract investors even with the right relationships (no luck for you syrian refugee). Even the idea is good and represent a jump in a deep tech space, you essentially will get nothing unless you come out from MIT, Stanford and so (No luck for you Italian engineer) Your pitch deck doesn't matter to anyone. VCs are waiting for 90% of projects to sink without financing, for months to get better conditions or simply to keep the surviving companies. Something their parents would never have done. |
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