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Challenges First Time Founders Face in Getting Real Feedback from Investors
First time founders struggle to receive honest and valuable feedback from investors. Investors often prioritize their own interests, such as securing referrals and building their reputation, over giving quality feedback. Being a second time founder can have advantages, but it also comes with the downside of expectations and pressure from previous relationships and successes. However, if the first startup was financially successful, the second time founder may have more freedom to focus on building a great product without the constant pressure of survival.