[Jitle]

This response perfectly demonstrates the need to lie as stated in the article. As an investor, you say "no" A LOT. I can't have the 99% of people I talk to walking away with an attitude.

I received the introduction to one of our best investments from a CEO we said no to. Do you think that CEO would have made the introduction if I had told him he doesn't have what it takes to be a founder at a VC backed startup?

[mindcrime]

Do you think that CEO would have made the introduction if I had told him he doesn't have what it takes to be a founder at a VC backed startup?

Maybe, who's to say?

[rexreed]

How many times a day do you think successful startup founders hear "no" and get on with it?

How many times a day do you think successful startup founders say "no"?

A lot.

Learn to be successful. Say no and learn to accept no.

It's surprising how dishonesty permeates the financial services industries (of which venture capital is one).