Ending graciously
The article discusses the importance of addressing potential failures during fundraising pitches. The author recounts a personal experience where they impressed an investor by not only highlighting the potential success of their startup, but also acknowledging the possibility of failure. Specifically, the author had said that if their predictions and expectations were wrong, they would use the remaining funds to host a "magnificent farewell dinner" for their investors. This approach, which acknowledged the risks and demonstrated a responsible plan for dealing with failure, ultimately convinced the investor to provide funding. The article suggests that this honest and pragmatic approach can be more effective in securing investments than solely focusing on the potential for success.
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