We could do blind auditions if a startup had already launched, in the sense that we could just look at stats like their traffic growth. But at the stage we're

We could do blind auditions if a startup had already launched, in the sense that we could just look at stats like their traffic growth. But at the stage we're trying to pick startups, we almost never have such data. So our situation is more analogous to trying to pick people who could become good musicians, before they'd taken any lessons. At our stage, you're judging the people-- so it's useful to see the people.