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> Personally, I would never invest in a media company, but abstracting away from the sector, Ev looks like a very good bet. Which is absurd. "The chocolate tea
by untog 10y ago
> Personally, I would never invest in a media company, but abstracting away from the sector, Ev looks like a very good bet.
Which is absurd. "The chocolate teapot industry is difficult, but boy, Ev really knows what he's doing, even though he hasn't actually made a chocolate teapot before". Silicon Valley has the strangest issue with personality cults sometimes.
- vonnik 10y agoThe absurdity conceals a reality you don't understand yet, which is that VCs often have to make investments not according to their deep understanding of a specific market, since there are too many markets to study, but by using a few signals that apply to all startups. Those are traction with users, social proof from other investors, and the track record of the founders. Startups are all organizations in search of a business model, as Steve Blank puts it. So you want someone leading the organization who is adaptable enough to figure that out, no matter what initial idea they start with. That's why VCs go with strong founders.