Someone asked me recently "do VCs care more about product or team?"

1. They care about making money
2. Three variables: market, team and product

But if you hold market as the constant (that's a big if), then team tends to be a stronger signal at the early stage, product at the later stage. Ideally you have both.

"Strong" and "weak" are multi-dimensional and hard to precisely define. Not deterministic.

@pmarca has an excellent blog post on this: https://pmarchive.com/guide_to_startups_part4.html

Team first, product later. Both matter tho! 💼💡