4 ms·
This might be a little controversial. I believe it's best not to invest just in a specific company or product, but in the founder. Sometimes, the right person
by kalpisidia 7y ago
This might be a little controversial.
I believe it's best not to invest just in a specific company or product, but in the founder.
Sometimes, the right person might have the wrong idea; and you might still fund it, just so that founder can get their feet wet and have more experience when they start working on their next idea, where you get first dibs because you funded them before.
- blueboo 7y agoIs that a not-just-but, or a not-just-but-also? The former sounds like patronage based on gut feeling, and would explain why you seem fund so many fellow Stanford grads (say). The latter seems so obvious as to barely merit statement. So...
- heavenlyblue 7y agoThis is why they gave so much money to Elizabeth Holmes.