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Most of VCs funding seed rounds do it mainly for the Team. As long as the team has OK credentials and the idea is not a hard stop (illegal or shady stuff) most
by xtracto 4y ago
Most of VCs funding seed rounds do it mainly for the Team. As long as the team has OK credentials and the idea is not a hard stop (illegal or shady stuff) most will likely provide money.
Given the John Carmack name... I can see why ANYONE would love to throw money to a new entrepreneurship idea.
- version_five 4y ago> Most of VCs funding seed rounds do it mainly for the Team. I know this to be true and it makes a lot of sense for the average VC backed startup with some founders that are not famous but have a record of excellence in career/academy/open source or whatever. I'd be curious to see how it translates to superstar or famous founders, that have already had a success in the 99.99th percentile (or whatever the bar is to be a serious outlier). I doubt it does, but I have no data one way or the other.