A good mental model is to put yourself in their shoes. To show weakness or to screw up their first few investments is very bad for their career. We know lots of people that basically don't last in the industry because their first investments were bad. It's a career suicide to become an investor, not have any other track record and then make some bad investments. You're not going to make it.
Dalton Caldwell and Michael Seibel on common pitfalls in the advice from different types of investors and why you, the founder, are ultimately responsible for the success of your company.
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