4 ms·
Reason 1: past success is the best predictor of future success. With no track record you can't be evaluated. Reason 2: there are certain things that can be onl
by mark-r 15y ago
Reason 1: past success is the best predictor of future success. With no track record you can't be evaluated.
Reason 2: there are certain things that can be only learned by experience. If you have no experience, you haven't learned those things yet.
- diminium 15y agoAre VC's and Angel Funds stupid for well - funding companies with leaders who have basically fulfill those two reasons?
- stonemetal 15y agoVCs give money to people in a different position. I can't think of a single start up that went in to an angel round with 20,000 employees.
- mark-r 15y agoA VC or Angel knows they're taking a risk that you won't be able to handle the job, so they spread their investments over a lot of companies hoping to find that diamond in the rough. Even so they're not going to hand over money to everyone who asks for it, you need to prove yourself to them through some means other than experience. Look at how tough it is to get into YC for example.