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I've always said that I think the ideas/businesses of famous founders don't undergo enough scrutiny. As a complete nobody, I can vouch for the fact that I have
by dlitwak 14y ago
I've always said that I think the ideas/businesses of famous founders don't undergo enough scrutiny. As a complete nobody, I can vouch for the fact that I have been GRILLED by VCs and angels in meetings. Some of these meetings led us to realize flaws in our go-to-market strategy, and pointed out the customer acquisition obstacles.
I feel like famous founders often aren't asked these questions by VCs, they will just invest because of the name, and then they go down the wrong path, building a product that isn't completely necessary, without a true understanding of the market. I have literally been told by investors, when I asked why the invested in a certain product I thought was a dud, that "oh well the founders did ___ and I just bet on them figuring it out, even though I knew they were barking up the wrong tree."
Sometimes the scrutiny that can come with being a nobody is valuable.