As you are pitching your idea, the croc brain of the person sitting across from you isn't 'listening' and thinking, 'Hmm, is this a good deal or not?' Its reaction to your pitch basically goes like this: 'Since this is not an emergency, how can I ignore this or spend the least amount of time possible on it?'
This filtering system of the crocodile brain has a very short-sighted view of the world. Anything that is not a crisis it tries to mark as 'spam.'
If you got a chance to look at the croc brain's filtering instructions, it would look something like this:
1. If it's not dangerous, ignore it
2. If it's not new and exciting, ignore it.
3. If it is new, summarize it as quickly as possible - and forget about the details.
And finally there is this specific instruction:
4. Do not send anything up to the neocortex for problem solving unless you have a situation that is really unexpected and out of the ordinary.
These are the basic operating policies and procedures of our brains. No wonder pitching is so difficult.
That eureka moment has been carefully planned and programmed to deliver an insight at exactly the right time. When you put the pieces together before the detectives do, you feel smart, happy, powerful, and in control (exactly the emotions needed to motivate you to buy some canned beer, frozen pizza, and extra-soft toilet tissue). And you tune in next week so you can feel that way again.
Start-ups often prepare absurdly aggressive and optimistic plans, which have a very low likelihood of success, just to maximize the company’s perceived dollar value.” Your financial projections, whether for a product or a company, are supposed to answer such basic questions as, How strong is the company? What if plans go awry, does the company have enough cash to last a few bad quarters? Do you know how to budget well?