Justified or otherwise, this is simply descriptive. We've heard this before, and it didn't slow us down. On the contrary, it motivated me at least twice as much to prove them wrong.
This is why I think if you're a first-time founder it's best to not show up empty handed. The best way to convince an investor that you can pull something off is by already having measurable progress on the way to doing so.
It's true that investors aren't the say all and end all of technology. They're trying to catch the wave, not make it. But understanding how they think, if you're planning on dealing with them, is definitely a good thing.
This is why I think if you're a first-time founder it's best to not show up empty handed. The best way to convince an investor that you can pull something off is by already having measurable progress on the way to doing so.
It's true that investors aren't the say all and end all of technology. They're trying to catch the wave, not make it. But understanding how they think, if you're planning on dealing with them, is definitely a good thing.