Keith Johnstone writes that every human interaction is really a status negotiation. There is no place on earth where interaction so quickly turns into status negotiation than in an accelerator when a Venture Capitalist (VC) comes through the door. Entrepreneurs routinely give their power and dream away to the potential funder. Assigning the value of an idea based on the response of a VC is to fundamentally misunderstand the nature of power and the role of the entrepreneur…

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↓ Transcript
Hunch: It won't work!

Fl!p: But I haven't told you my idea yet.

Hunch: Preemptive rejection saves time.