Don’t go shopping if you can’t pick out the groceries.
Real life scenario: Entrepreneur isn’t happy with the term sheet, leaves and shops other VC’s. After going 0 for 12, he returns to the initial VC—if getting the term sheet back (unlikely), he’ll probably get worse terms due to increased insight, and a further saturated competitive market (engendering more market risk)
Stop thinking about your chances of raising capital
Focus on why you love your company, why you’re dedicating your life to it, and then clearly communicate this to potential investors
Your goal is to create the feeling in the investor’s mind of, “I’m going to invest in this company regardless of the thoughts of others. Even if my partners don’t agree, I’m going to open my wallet and give them money.”