venturecapital

Rant of the Month:

It’s fascinating to me that as early stage investors we care so much about the founder, and yet founder diligence methods are primitive. 

At the same time, we run all sorts of models to try and anticipate growth scenarios, despite the fact we know it’s impossible to predict.

1/2

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Referencing the founder works pretty well imo

That's fair. I agree, it “works” in the similar sense that calculating a DCF with pen and paper v excel would work.

I don’t agree. I’d rather have a small number of high signal refs than a large number of weaker data pts. At least that’s what I think you’re suggesting

I'm referring to having a clinically trained performance psychologist be part of the diligence process.