Completely agree - first question that came to my mind too. As others alluded to, much of investing is intuition. No one can predict the future, otherwise the

Completely agree - first question that came to my mind too. As others alluded to, much of investing is intuition. No one can predict the future, otherwise they'd be billionaires hand over fist. So they use their intuition and available data to get as confident as they can about an investment. I feel for them - what data do you have on a founder, especially a first timer? Maybe pedigree, relevant experience, or a portfolio of past projects for a hacker, but outside of that, seems to be a fuzzy haze of gut feeling...confident, had "good" answers to questions, etc.