You're reviewing a pitch deck for a seed-stage AI startup. Which 3 'red flags' make you instantly skeptical, regardless of the tech? Pick 3.

Options

• Slide 2 claims 'We have PMF' based on 10 beta users.
• Founder has 10+ years experience, but can't explain their pricing model clearly.
• Team slide lists only 'AI Experts' with no operational or commercial roles.
• Market size slide references a 2020 report and projects 'trillions' without a clear path.
• The deck is 40+ slides and still doesn't get to the product demo.
• Competitor slide lists only incumbents (Microsoft, Google) and says 'no direct competitors.'
• Asking for a 'no lead, party round' because 'we just want value-add VCs.'
• Traction slide shows only 'engagement' metrics, no revenue or active users.
• The first 3 slides are dedicated to how they're 'disrupting' Web3/Blockchain/Metaverse *with* AI.
• Fundraise ask is 'flexible' but implies you should just give them money.
• Zero mention of LLM costs, data acquisition, or compute in their financials.
• The deck itself is poorly designed, typos and inconsistent branding.