Has it ever happened to you to fail tremendously during a meeting with investors? You had it all figured out – the slides, the content, the numbers, the timing – all ingredients of the perfect investor pitch perfectly blended together. But again you were left with no actual investment. What went wrong?
If it happens often and you can’t figure out what seems to be the problem, it is time to look beyond the presentation slides. Is it possible the reason why your investor pitches suck to be the fear that you might get rejected?
Yes, it is possible the fear of rejection to keep you away from moving forward and achieving the success you deserve. If this is the case, don’t worry, you are not the only one. Dealing with rejection is something that entrepreneurs experience on daily basis.
Some of the most notable names in business, fashion, sports, and cinema have faced countless rejection before somebody actually said YES. Extraordinary people like Steve Jobs, Bill Gates, Jack Ma, Michael Jordan, Oprah Winfrey, Anna Wintour, Harrison Ford, J.K. Rowling, Walt Disney, the list goes on and on, have faced rejection on a massive level. If they have given up, the world would be completely different than it is today.
Overcoming the fear of rejection does not happen overnight. It will take a lot of time to set your mind free and make the most of every pitch opportunity that you face. Give yourself time before you accept the defeat.
Don’t let the fear of rejection to ruin your chances of receiving an investment for your company. Take control and gain confidence by following these three simple steps.
Look back and try to recall a moment of your life, specifically during your childhood, when you clearly remember being rejected. A big part of our perception of ourselves is a result of an experience during childhood or teenage years. Have you been picked last at gym class? Or the girl that you asked out said NO? Maybe you weren’t accepted into your dream college?
Look back and try to understand the roots of your feelings. Give yourself the time to think about the situation, to evaluate it, and to finally get a closure. It will be so relieving to let go of unpleasant past experience.
It is too late to ask why you have been rejected in the past, but now you have the opportunity to actually do that. When you get rejected by the investors, don’t rush to leave the room. Ask why? Why didn’t they want to invest in your company? What went wrong with your pitch? You will be surprised by the answers!
The reasons why the investors did not have an interest in your business might be completely different than what you expect. They may find your idea and product compelling but may think they personally are not the right fit for you.
Turn it into power
Ask for feedback and use the information wisely. It will help you to improve, to gain confidence and to become better and better with every other pitch. Turn that information into power. Make it work for you.
During his TEDxMtHood Talk, entrepreneur Jia Jiang shares his personal experience with rejection and how he overcame the fear of it. He took up a challenge to get rejected 100 times and filmed the whole experience. Apparently, facing your fears is what really works, as you can see in the video below.
So, are you ready now to stand strong and face the fear of rejection?