Mark Zuckerberg is known for having arrived late for a meeting with prospective investor Sequoia Capital and giving a less-than-serious pitch while wearing pajamas.

Now, as Facebook preps its initial public offering, Zuckerberg’s wardrobe has not received much of an upgrade.

Wearing a hoodie to a meeting in New York on Monday with potential investors is a sign of Zuckerberg’s lack of seriousness, according to Michael Pachter, an analyst for Wedbush Securities.