As angel investors, when founders reach out to us, we try to be helpful , because we think that's part of our role in the start-up ecosystem . We try to provide them with useful feedback, so that even if we are not the right investors for them, we hope that interacting with us will help them to improve their chances of polishing their pitch and finding another investor.
This sometimes backfires . We say No politely, but when the founder keeps on asking for advice or guidance, this can be a little frustrating . My most important asset is my time. It's the one irreplaceable resource which I try to conserve, and I need to make sure that I deploy it effectively .