[carrotleads]

Something else that bugs me is in the inherent contradiction in his advice..

1. tell people about your concept and ask for money.

2. if people give you money start work.

3. you will pivot 20+ times anyway

Wouldn't that be basically like sell a dream and then figure out a product/service that may make money.

Not much different to how YC like Accelerators/Incubators invest in "teams"..

Shouldn't conmen begin to flock towards such "investors" or are they already?

[hayksaakian]

It depends on how magical the concept is.

If someone asks me for an ecommerce site, I'm fairly certain I can deliver it, my client has seen dozens of ecommerce sites so they are pretty certain I can deliver it.

Payment upfront is just a formality at this point.