I've definitely met VCs who use this kind of mental model. I'd add a couple more: Technology Risk. Does what you're building require advances in technology th

I've definitely met VCs who use this kind of mental model. I'd add a couple more: Technology Risk. Does what you're building require advances in technology that don't yet exist? Regulatory or Legal Risk. Do you need specific licences to launch your product? How far through this process are you?