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Or are they not interested and just wasting our time?

You can expect to have to meet lots of investors, many of them several times over before you actually manage to secure any funding. The ones you meet that don't work out aren't wasting your time any more than you are wasting theirs.

If they've agreed to meet you then it's probably because they see potential, either now or at some point in the future. To reduce the signal/noise ratio be sure not to overstate the progress you have already made as a company.

The value of honesty in self-representation can not be over stated.




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