A lesson: How NOT to define your competition!
Berkonomics
DECEMBER 19, 2024
We investors see this all the time. An entrepreneur pitches using a deck with no slide for competition. When asked (as we always do), the response is This is new. We have no competition. Niet! No! Unh unh. Professional investors laugh when they hear an entrepreneur come out with that one. That statement has killed more investment deals than almost any other.
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