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Regardless of your situation, the startup world fundamentally changed on Friday. I have two pieces of advice for you. The first is: acknowledge your reality.
“This is a very important lesson. You must never confuse faith that you will prevail in the end — which you can never afford to lose — with the discipline to confront the most brutal facts of your current reality, whatever they might be.” – James Stockdale
Whatever your reality is, own it.
When was the last time that you gave yourself permission to spend time on yourself? It’s not enough to just spend time doing something that you want– to take a break one night and then fret all about the things that you could be doing or should be doing. This is completely counterproductive. Giving yourself permission is the critical part of this.
Why is it so hard to ask for help?
Asking for help is important for everyone, doubly so for founders. We live in a society that values independence and self-sufficiency so many of us still struggle to ask for help, especially for our most vexing problems.
I’m here to tell you that asking for help is a sign of strength, not weakness.
We invest in risky businesses, which means that we feel we’ve got a good grasp on the odds of different types of outcomes, including a zero return outcome. When we hit on uncertainty, that’s when it becomes hard to get to a yes, because uncertainty is where we’re unable to assess the risk.
The point of your pitch deck isn’t to get an investment. The point is to get a meeting.
It’s just like when you’re job hunting. The point of a resume isn’t to get the job. The point of the resume is to get the interview. The pitch deck is serving the same purpose.