Is it wise to not take an investor’s money if you have a bad feeling about it even though on paper he might be the perfect investor for your start-up?
No, it’s not wise.
Unless … you have options.
I’ve pitched over 150 VCs. I’ve been a successful founder (2x). I’ve been a successful VC.
I trust about 15% of VCs.
But … all cash is green.
If you have 2 or more options — yes. Pick the investor you can trust. For early stage investing, this probably is the #1 criterion. Or at least, the #1 reason to pass on someone, if you have options.
But if you have 1 option — suck it up. Just take the money. And just try not to give away any control.