Investors want founders with genuine conviction, not ones constantly reshaping their pitch for approval. Andy Walsh describes fundraising as the most punishing journey of his life, but says it taught him invaluable lessons for raising capital.
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It's like, just go out, sell your bloody heart out, build a business that people want to invest in. The energy matters so much more. You can feel a founder that is so fixated on wanting your approval, they're like, they're so malleable in being able to change their business model. That's not what an investor wants to write a check into. And honestly, for me, capital raising was the most punishing journey of my life. I don't wish that upon anyone, but at the same time, I'm grateful that I went through that experience because I think it's just another tool in your toolkit if and when I ever wanted to go back down that route. But I think it really does wind you into extreme burnout at times.