Entrepreneurs stepping into the investing landscape, here's a golden nugget of wisdom from Snapdeal's co-founder, Kunal Bahl, that could transform your next pitch meeting. Bahl's insights, shared on X (formerly Twitter), highlight a pivotal moment in fundraising discussions - the opportunity for founders to ask investors questions. This moment, often overlooked by many, is a critical chance to engage deeply with your potential backers.
Why ask questions? According to Bahl, asking questions is not just about seeking answers but demonstrating your thought process, intellectual humility, and genuine engagement with the investor's perspective. He emphasizes the importance of utilizing this moment to gain valuable feedback from those who have a wealth of experience with early-stage companies. By raising thoughtful queries, founders can offer investors a deeper look into their strategic mindset and concern for the business's future.
What kind of questions should you ask? Bahl suggests asking about possible pitfalls in your business plan, assumptions that might be off the mark, unit economics, and what should be your focus in the coming months. These inquiries not only help you gain insights but also build a more substantial connection with the investor by showing your commitment and foresight.
Entrepreneurs, let's not waste the chance to ask those burning questions at your next pitch. It could be the difference between a missed opportunity and a fruitful partnership.
Curious about what other advice Bahl has for founders? Dive into the full article and expand your pitching toolkit.
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