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I've found that VCs in the past have not ever really inquired much about a team's technical ability to get their project done, but just about the business and c
by woah 3y ago
I've found that VCs in the past have not ever really inquired much about a team's technical ability to get their project done, but just about the business and competitive aspects. They just assume that if you're talking to them, you know what you're doing. This probably made a lot sense in the 2010's, because most startups were pretty basic web or mobile apps, and 99% of teams are going to fail because of lack of adoption.
But now that the low hanging fruit has been plucked, and a new generation of hucksters has learned to take advantage of investor's lack of technical due diligence, they may need to start being more diligent.
- cjbgkagh 3y agoPeople tend to believe what they do is the important part and everything else is fungible. From my observations VCs tend to think getting funded is what matters and doing the technical work is just a function of spending that money on people.
- Fomite 3y agoThere is also an assumption I have found, in both VCs and tech founders, to assume that subject matter experts can either be trivially replicated or hired downstream.
- deleted 3y ago[deleted]