At our last bi-weekly partner meeting, Jerome, co-founder/CEO of SnapEngage, mentioned that several investors had emailed him to see if he’d be interested in talking. When I asked how he responded, his reply was beautiful…
“Thanks you for your message. SnapEngage is completely customer funded and we are not looking for additional investment. In order to focus on our main investors (our customers), I’ve decided to not take calls from investment companies.”
I’ve watched myself and too many entrepreneurs waste a lot of time and energy talking to potential investors and/or acquirers. It’s usually curiosity and ego driven to be able to put a price on what we own. It also tends to be a huge distraction to serving our most important investors – our customers. I wish I had this good of a response (and realization) twenty years ago! Thanks Jerome.