If a VC does not insist on a follow-up meeting that happens in <2 weeks… • They are almost certainly not going to invest in the next 6 months (unless you are so successful you no longer need them.) • They might say “the space is too crowded”, they are ”not funding your market”, that they “can’t get the partners to agree to do it”, etc., etc., etc. • You can only “know” one thing: You didn’t get the VC to say yes. • As an aside, this is why you should respect (and not resent) the VCs who tell you the real reason they are passing. • Another key point: It follows from this that when you tell other VCs the “logical reasons” that other firms passed, you look unsophisticated.
Inside the Black Box of Venture Capital Page 27 Page 29