While I agree with much of the sentiment (esp in today's Silicon Valley), there are a bunch of caveats: - A lot of ideas sound dumb when they first come out -

While I agree with much of the sentiment (esp in today's Silicon Valley), there are a bunch of caveats: - A lot of ideas sound dumb when they first come out - A lot of signals are used to decide which companies to invest in (I don't agree that this is right, but it's easier to get cash when you're in a prestigious incubator, or graduated from a top eng school) - Many successful companies are a good idea, a good market, and good execution - so an idea is just a (limited) starting point They're some really (what I consider) dumb ideas out there (esp in the seed part of the space), but I wonder to what degree the unicorns are actually good ideas that raised way too much - and tried to grow way too rapidly.