3 ms·
Checklists are only ever as good as the data behind them. This is a goodish checklisk for the uninitiated. Cool. But do you trust the answers you are getting?
by sandworm101 4y ago
Checklists are only ever as good as the data behind them. This is a goodish checklisk for the uninitiated. Cool. But do you trust the answers you are getting? Do you trust the date as delivered by the company in response to these very internal questions.
This list is also full of useless questions that tell more about the potential investor than the actual company. For instance:
>>If the company succeeds, does everyone—employees, managers, founders, investors, suppliers, customers—get about what they deserve?
"What they deserve"??? Really? That says nothing about the company. That only tells you whether or not the company's reward scheme comports with your personal notion of fairness. It is more about politics than investment potential. But maybe that's what people want these days.
- renewiltord 4y agoPerhaps it is useful, but misstated? "At what exit valuation will each of the following categories obtain a significant outcome and a life-changing outcome? Founders, Series X investors, early employees, marginal employee." The reason to care about Founders is to see if they have skin in the game. Investors to see if you're going to make anything. Employees to see retention and hiring. Still a bit sideways but perhaps worth thinking about anyway. But it would still have warned about something like Bolt - the marginal hire will have received an insane strike price.