Wonder why most entrepreneurs are frustrated during their fundraise? Top reasons I can think of: The analyst you meet is not the decision maker, so they don't have an answer The investor does not want to say no blatantly, so keeps saying maybe The investor does not have enough knowledge about the business to say no and provide reasons, so keeps saying maybe let's see in 6 months The investor has a FOMO and does not want to lose an opportunity but doesn't have convicton, and hence plays on the sidelines These are valid reasons, but very very frustrating for the entrepreneur! As an entrepreneur, you must understand most Maybe's will turn into No's and its in your best interest to hear it as soon as possible This will save time and disappointment later on!