The second great part about the “not yet” is that I give the founder the ability to prove me wrong but still include me. A fire in their belly has been lit and they’re thinking, “I’m going to show that guy!” Nothing pleases me more than having a founder “show me,” because that means I’m going to be able to make a bet on a stronger company. Third, I set the tone that monthly updates are something I like to see before I give the founder my money.
