Proper Feedback
If you have ever raised capital these lazy, unhelpful tropes probably sound familiar:
"It's not a good fit for us right now."
"You're a bit too early for us."
"Let's stay in touch."
"We love the space, just not this entry point."
"Let me run it by the team."
[Silence. The ghost.]
"Keep us posted on the round."
Yesterday, we reviewed a deal and sent a 15 page feedback report on why it wasn't fundable and what needed to change to make it fundable.
That's real feedback. That's what we do.