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Ive been doing this with my own startup. I am about 30% there (regarding talking to investors about it) and as such I have reached out to investors I am friendly with and asked for feedback.

Most of the feedback I have received was "you are about 25% there" which validated my assumption of not quite being ready to approach people for money, and it has allowed me to refine and adapt my pitch accordingly.

It was much easier to get feedback from people when I told them I was just starting out, instead of telling them I am ready to receive money. This opened them up to positive and constructive feedback that is helping me get closer to my goal.

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