"No one is doing what we're doing." This is a bummer of a lie because there are only two logical conclusions. First, no one else is doing this because there is no market for it. Second, the entrepreneur is so clueless that he can't even use Google to figure out he has competition. Suffice it to say that the lack of a market and cluelessness is not conducive to securing an investment. As a rule of thumb, if you have a good idea, five companies are going the same thing. If you have a great idea, fifteen companies are doing the same thing.
Guy KawasakiMy theory is that when you're young, you should work eighty hours a week to create a product or service that changes the world.
Guy KawasakiIf you're an entrepreneur and you think that the president makes a difference to your business, you should stay at your current job.
Guy Kawasaki