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Hi J, maker here. I would love to death to have pitches from those who have failed to raise money as that would actually fix the "survivorship bias" for raising
by chdaniel 7y ago
Hi J, maker here. I would love to death to have pitches from those who have failed to raise money as that would actually fix the "survivorship bias" for raising money.
What we put there would be eliminating the bias for... running a company I guess. Thanks for adding the comment, it was what I had in mind when we added Theranos.
In fact, maybe Theranos teaches us what kind of behaviour/talk "slips" through VCs, thus making us understand how we, the founders, will pick the VCs. I know, not a popular opinion for US to pick VCs — but we need to start spreading this idea of selectivity.
Not stupid selectivity ("I deserve this. Give me that"), but rather the one that makes us weed out those who don't have the acumen to tell between Theranos, a fraud, and a real startup
Sequoia didn't invest in Theranos. Index, Benchmark or Andreessen Horowitz didn't.
Maybe we can learn from Theranos' deck how we can pluck out those VCs.