Nuggets of Wisdom from a VC

I happened to stumble upon the random musings of a VC regarding pitching - his account was short but so very true. Credit goes to http://www.j-lp.com/blog/index.html

Title: You Lose Credibility when you pitch

Claim that there is no competition.
Use percentage math to justify the investment.
Have misspelled words in your documents.
Are not aware of the local environment.
Ask for too much.
Ask for too little.
Are unaware of the entire process of building a team or company.
Look at the next milestone as the finish line.