Should this happen to you, write no more than one follow-up email if you haven’t heard back. Sometimes, delays happen due to bad admin or a busy schedule. If you still haven’t heard anything by then, move on. It sucks and it’s a waste of time. Yet your time is better spent working on things that actually move your business forward, rather than chasing a phantom. Tell other founders how that investor behaved and everyone comes away stronger. For a full explanat…
…not followers. My advice to founders would be to demand a clear answer from a prospective investor. Are you in or out? That’s the only way you can weed out the tourists who’re just waiting to see if something big will happen. If they’re only there to capitalise when things are great, how do you think they’ll behave when you…