Not taking feedback positively
Photo by Towfiqu barbhuiya on Unsplash
Being able to take critical feedback and using it to better oneself is crucial. Many founders, don’t know how to take feedback well.
When investors start giving feedback, they start getting defensive rather than actively listening.
Hence, it is paramount to listen to what investors have to say as they are experienced, and several of them are even mentors and advisors who have helped startups fundraise and scale.
Instead of arguing or getting defensive, it is important to ask “What could I have said or done differently?”, or “What is it that you feel I need to change in my offering or in my business model?”
Learning is never a bad thing!