Category Archives: Uncategorized

On Rejection

I went ahead and sent my pitch to the two head-hunters that I mentioned in my last post. Only the one messaged me back. This is what he said.

“Hi Ian.  It was a pleasure meeting you yesterday.  And, I commend you for the creativity of your proposal.  I’ve never heard or thought of anything like that.  It is a unique yet practical way to look at financing your education.  And, as you could probably tell by our comments yesterday, “Random Name” and I both think your education is an extremely important part of your life.  Unfortunately, I am not in a situation to help you at this time.  The vast majority of my net worth is currently invested in stock in the new company that we merged with, “Random Company inc.” .  This type of investment (restricted stock in a privately held company like “Random Company”) has severely limited liquidity.  So, I’m not a good prospective investor for you due to timing.”

He rejected my proposal, and that’s okay.  He was the first of many, I’m sure.  He gave me some tips too.

“You are selling an investment idea, and the foundation of effective sales is statistics.  The odds of any sales proposal being successful are minimal.  Yet, some buyers/consumers/investors say yes.  So, did you hear enough “no’s” to encounter enough people to say “yes”?  With your mentor’s help and guidance, I’m sure you can find enough target “investors.” “

He’s exactly right. I need to get out and push my proposal into every hand I can get it into. I’m really trying to just underwrite my freshman year at this point. I’m in somewhat of a time crunch and with every payment I get I am able to push back the time at which I will need more money just a little further.

At this point I have enough money to last my education til October, possibly November.  It’s a shame really. I need more money for my freshman year than I will at any other time in my education. I need about $28,000 this year. Next year it will be cut by at least $6,000 a year.

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