WEBVTT
00:00:01.002 --> 00:00:03.041
Let's talk about the SHITS.
00:00:03.725 --> 00:00:06.445
Ah, nothing like a little potty humor to get your attention.
00:00:07.376 --> 00:00:14.061
And all seriousness SHITS is an acronym I heard along the way that perfectly describes the VC slow roll.
00:00:15.064 --> 00:00:19.504
It stands for Show High Interest Then Stall.
00:00:20.493 --> 00:00:23.164
This is a legitimate venture capital strategy.
00:00:23.794 --> 00:00:26.974
Well, it's less effective in these current fast, close environment.
00:00:27.423 --> 00:00:30.303
But it still happens with great frequency throughout the country.
00:00:32.043 --> 00:00:38.223
The rationale behind this, from the VC perspective, is that before I write a check time is my ally.
00:00:38.823 --> 00:00:41.884
As soon as I write a check, time is my enemy.
00:00:42.844 --> 00:00:51.723
As long as I'm on the sidelines, I'm gathering more information about you, your company, your competitors, your traction, your team, the market, everything.
00:00:52.954 --> 00:00:53.764
The more that I sit.
00:00:54.064 --> 00:00:55.084
The more that I can wait.
00:00:55.473 --> 00:00:56.793
And the more that I can gather.
00:00:58.173 --> 00:01:05.013
An investor may be genuinely interested, but if there's no need to commit to around, they're going to sit on the sidelines and wait.
00:01:05.584 --> 00:01:06.299
And watch.
00:01:07.302 --> 00:01:10.572
When an investor has true conviction, they will give you a firm.
00:01:10.572 --> 00:01:10.992
Yes.
00:01:11.263 --> 00:01:11.893
Or affirm.
00:01:11.893 --> 00:01:12.283
No.
00:01:12.822 --> 00:01:14.442
Or maybe even a conditional yes.
00:01:14.472 --> 00:01:18.822
Such as, as long as we can hit our ownership percentage we're in, whenever you get a lead.
00:01:19.962 --> 00:01:25.450
Unfortunately the most likely scenario and the one you're probably most accustomed to getting is the SHITS.
00:01:26.456 --> 00:01:29.600
This is not necessarily the mark of a bad investor.
00:01:30.007 --> 00:01:35.397
It's just one that lacks conviction about your company right now
00:00:01.002 --> 00:00:03.041
Let's talk about the SHITS.
00:00:03.725 --> 00:00:06.445
Ah, nothing like a little potty humor to get your attention.
00:00:07.376 --> 00:00:14.061
And all seriousness SHITS is an acronym I heard along the way that perfectly describes the VC slow roll.
00:00:15.064 --> 00:00:19.504
It stands for Show High Interest Then Stall.
00:00:20.493 --> 00:00:23.164
This is a legitimate venture capital strategy.
00:00:23.794 --> 00:00:26.974
Well, it's less effective in these current fast, close environment.
00:00:27.423 --> 00:00:30.303
But it still happens with great frequency throughout the country.
00:00:32.043 --> 00:00:38.223
The rationale behind this, from the VC perspective, is that before I write a check time is my ally.
00:00:38.823 --> 00:00:41.884
As soon as I write a check, time is my enemy.
00:00:42.844 --> 00:00:51.723
As long as I'm on the sidelines, I'm gathering more information about you, your company, your competitors, your traction, your team, the market, everything.
00:00:52.954 --> 00:00:53.764
The more that I sit.
00:00:54.064 --> 00:00:55.084
The more that I can wait.
00:00:55.473 --> 00:00:56.793
And the more that I can gather.
00:00:58.173 --> 00:01:05.013
An investor may be genuinely interested, but if there's no need to commit to around, they're going to sit on the sidelines and wait.
00:01:05.584 --> 00:01:06.299
And watch.
00:01:07.302 --> 00:01:10.572
When an investor has true conviction, they will give you a firm.
00:01:10.572 --> 00:01:10.992
Yes.
00:01:11.263 --> 00:01:11.893
Or affirm.
00:01:11.893 --> 00:01:12.283
No.
00:01:12.822 --> 00:01:14.442
Or maybe even a conditional yes.
00:01:14.472 --> 00:01:18.822
Such as, as long as we can hit our ownership percentage we're in, whenever you get a lead.
00:01:19.962 --> 00:01:25.450
Unfortunately the most likely scenario and the one you're probably most accustomed to getting is the SHITS.
00:01:26.456 --> 00:01:29.600
This is not necessarily the mark of a bad investor.
00:01:30.007 --> 00:01:35.397
It's just one that lacks conviction about your company right now
