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Top 10 Lies Told By Entrepreneurs

When it comes to pitching ideas to an investor, some entrepreneurs tend to give lies, one needs to know what not to say and what not to believe.

  1. “Our projections are conservative.”
  2. “Jupiter says our market will be $50 billion in ten years.”
  3. “Several Fortune 500 companies are set to do business with us.”
  4. “No one else can do what we’re doing.”
  5. “Hurry up because other investors are about to do our deal.”
  6. “Our product will go viral.”
  7. “The large companies in our market are too big, dumb, and slow to compete with us.”
  8. “Our management team is proven.”
  9. “We filed patents so our intellectual property is protected.”
  10. “All we have to do is get 1% of the market.”

The average number of these ten lies that I hear in most pitches is ten. At the very least, tell investors new lies.

Content Courtesy of Guy Kawasaki

About Enock Kiprono

Enock Kiprono is the founder of Fenesi.com & Dealpoa.com. He loves to connect with entrepreneurs that are success driven, passionate, action-taking whose goal is to make a difference in the business world!

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