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The traction has to be able to be turned into money -- a consumer "rate the celebrity" app could have millions of users but not really be investable. But I have
by spoonjim 4y ago
The traction has to be able to be turned into money -- a consumer "rate the celebrity" app could have millions of users but not really be investable. But I haven't seen any cases where an investor says, "They have real traction, that can grow at venture scale and at strong economics, but I don't like the founder." It's just extremely uncommon. Usually "dislike of founder" (with all of its biases) comes when you have to put a lot of faith into the company, not where the company has already proven itself. Of course -- investors can simply be wrong about the growth potential or unit economics or sustainability of traction -- but that's different.