Well I had a disturbed night and luckily my business partner was all ears to me this morning whilst I F'd this and B'd that and let off steam about these people who haven't actually done much in their lives telling me how I should do this and that. FFS I've just dedicated 18 months of my life and my life savings to this venture do you think, do you really really think that I hadn't thought this through. These guys used to service my need for resources when I was running multi million global projects in Banks and they think that they know more than me??? This without ever seeing the idea, seeing the figures, the research and all the other stuff we've been through. If I'd been sat on my arse for 18 months doing nothing I could perhaps understand the attack I came under but these people (not just the guy last night) must think I'm some sort of thicko or I'm doing this an hour a night or something. What a bunch of utter low lifes up their own arse cocks they are :-)
That felt a lot better. :-)
I just find these people have no firm footing in the reality of the situation. If I was raising a couple of tens of thousands maybe but I'm raising (or want to) tens of millions. I know what I need the money for and how we will spend it and what value we will build with that money. These jerks think that somehow I've got to "sell it" and "Pitch" for it. With a 150 page business plan, 6 page summary and 12 slide overview - I'd have to ask whether or not any of them actually understood the complexity of the business or the reliance on multiple revenue and cost streams and variables that meant we spent months and months developing a multi dimensional model.
The sad part of all of this is that TV has dumbed down VC money (Dragon's Den) a more worthless waste of video tape I've yet to see. Anyone who's seen it is suddenly an expert, a sophisticated investor who knows that the idea needs to be expressed in terms a 3 year old understands in 20 seconds.
It drives me absolutely crackers and annoys the hell out of me. I am going to be so pleased to meet people who will "get" the business and who will understand the lengths we have gone to to get it right for the size of opportunity.
I'm not normally like this but I'd love to get this funding so that the least I could do is "give the finger" to anyone of the idiots who "advised" us what they think we should be doing!
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