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Ben - [C/x]
@benersing
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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Ben - [C/x]
@benersing
I get why we do it: the goal is to reduce risk and frankly, instill confidence in our LPs that we know what we’re doing. I also understand how we arrived at where we are today and I have full respect for the many pioneers who are infinitely more intelligent than I am. 2/3
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Ben - [C/x]
@benersing
But it seems like we’ve boxed ourselves in as an industry. Maybe it's time for a change? 🤷 3/3
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Jj🎩
@jjsamuel
Interesting perspective. For me, that process helps build investment conviction. Any thoughts on alternatives ?
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Ben - [C/x]
@benersing
Focus as much on person conviction as market/commercial/margin conviction, and do it in a more thorough manner than 1:1s and formal/informal reference checks.
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Jj🎩
@jjsamuel
Agreed, personal relationships and conviction is always the move. The challenging part is that it doesn’t always scale 🤣
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Ben - [C/x]
@benersing
Not personal relationship, but yes that is essential. Psychology. Evaluate the person.
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