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It is impossible for something in very early stages, that needs money to be "truly compelling". For VCs a compelling product means great traction but to get gr
by max_ 2y ago
It is impossible for something in very early stages, that needs money to be "truly compelling".
For VCs a compelling product means great traction but to get great traction you need initial funding so it's always a catch 22.
- MichaelZuo 2y agoNot if they are a bonafide super genius, then it's entirely possible. That's the minimum bar without traction however. A regular genius isn't that impressive.
- kabouseng 2y agoVC's don't have the ability to distinguish between genius and super genius...
- MichaelZuo 2y agoThe competent ones can.
- llamaimperative 2y agoThat is a ridiculous claim belied by the distribution of positive outcomes in VC. Any VC making this claim with any confidence is immediately dismissible IMO. I would literally never speak to that person again. Like in all fields, true competence comes with a deep skepticism of one’s own capabilities. Especially in a field absolutely chock full of luck, uncontrollable variables, motivated reasoning, and outright deception.
- fuzzfactor 2y agoI would say that if an investor was intending to partner with someone who was uniquely advanced intellectually, it would be from spending enough time directly with the potential partner to be able to well recognize the upper echelon like it could not be accomplished any other way. The most competent at this would sensibly not be relying very much on slides at all, and capable of clearly seeing beyond the factors like luck and uncontrollable elements. It couldn't happen overnight, and especially not in a single slideshow, much less an email. What happens when a founder is open to investment and only a super-genius capitalist would be appropriate? The relevance of a slideshow might still mainly be in the "signaling" more than anything else.
- MichaelZuo 2y agoThere aren't foolproof methods, but effective enough methods.
- data_maan 2y agoHow about a stable genius?
- fuzzfactor 2y agoAs we have seen, you can be very stable at ones utmost intellectual level year after year, and sometimes it can amazingly be someone who is naturally the complete opposite of advanced anyway.
- data_maan 2y agoNot quite sure if you got the joke or not. In case you didn't: I was referring to how Trump referred to him once: as a very stable genius haha :D :D
- MichaelZuo 2y agoA stable super genius is quite literally even better.
- threeseed 2y agoTraction doesn't always mean paying users. Even just having people on a waitlist can be all you need.
- ganeshkrishnan 2y agoI have 70 trillion people on the waiting list. It doesn't mean anything. Only people that pay for your product matter