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Silicon Valley prefers teams to have epic backstories, not experience. A first-year dropout from MIT and a Thiel fellow are much more likely to get funded than
by nikanj 8y ago
Silicon Valley prefers teams to have epic backstories, not experience.
A first-year dropout from MIT and a Thiel fellow are much more likely to get funded than an engineer with a state uni BSc+25 years industry experience plus a former sales manager in the same industry.
- throwawayqdhd 8y agoAka the "Nerd Rockstar Bias"
- emblaegh 8y agoIf they had inexperienced developers, that's most likely because they're cheaper, not because they have an amazing narrative behind their backs.
- jjeaff 8y agoI'm just guessing, but I think experience would actually get you more investment. But interesting backstory gets you more press. Thus the impression that backstory is more important. Most funded startup founders are older and experienced. They just don't get as much tech press coverage. Kind of like why many people fear sending their kids to school because they might be killed by a mass shooter. When in reality, the drive to school is much more dangerous.
- acchow 8y agowho is "Silicon Valley"?
- tomhoward 8y agoThis company is from Canada, not Silicon Valley, and has nothing to do with MIT or the Thiel fellowship. Please avoid polluting comment threads with this kind of off-topic sneering.