This startup became not only an entire mess however certainly one of Silicon Valley’s largest failures. Behavioral economics has terms like loss aversion and the endowment impact. The first one means that folks care more about shedding $50 than getting $50, and the opposite one is that they value issues they already own over these they don’t.
Create Shortage
They will at all times have a large experience benefit against you when negotiating. An supply will come out of 1%-2% out of all the investor conferences – and that’s assuming your product is prepared for investment. That’s a lot of money spent on meetings and occasional earlier than you sign the dotted line.