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Streamlining the pitch process benefits everyone, because both investors and startups seeking funding have a lot of pitch sessions to wade through. Fund-raising
by vonnik 10y ago
Streamlining the pitch process benefits everyone, because both investors and startups seeking funding have a lot of pitch sessions to wade through. Fund-raising is a long matching process, and the more you can make it like speed dating for the first pass, the better.
GPA and Google on your resume is good for VCs who want to cover their butt, but it probably isn't a compelling argument for the VCs you want on your side.
- balls187 10y agoBy GPA, the author likely meant "name of prestigious university." Before dimissing a VC for choosing to use or not use it, I wonder what the data shows regarding whether pedigree is a good proxy for selecting founding teams for funding?
- vonnik 10y agoThe data may show a correlation, but it would show the same correlation to everyone, which means that the advantage of investing in Ivy Leaguers/4.0 GPA students is priced out. Anecdotally, I've seen a lot of excellent academics and skilled corporate bureaucrats from top companies have trouble adjusting to the chaos of startup life, and the demands of the product development cycle, even after they raise a great deal of money. Pedigree and entrepreneurial skills are in some ways orthogonal. In any case, GPA/Ivy League/resume trophies are a weak substitute for a product that works and appeals to people, which is the main point.
- jimbokun 10y agoInterestingly, Google themselves decided GPA doesn't matter much. "Google doesn't even ask for GPA or test scores from candidates anymore, unless someone's a year or two out of school, because they don't correlate at all with success at the company. Even for new grads, the correlation is slight, the company has found." http://www.businessinsider.com/how-google-hires-people-2013-6 http://www.businessinsider.com/how-google-hires-people-2013-...