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Ask HN: Would you invest in a company based purely on pedigree?
I often hear stories about companies that received funding based purely on the credentials of the founding team, and that they had no idea or concept at the time.
Anecdotal evidence suggests that this is becoming increasingly rare, so I'm curious how many readers would/would-not invest purely on pedigree.
All thoughts welcome! Thanks.
- deleted 12y ago[deleted]
- hashtag 12y agoNever
- MalcolmDiggs 12y agoDefinitely. Not necessarily a huge/blank check. But there are some people whose opinion I think so highly of, that I'd wanna piece of pretty much anything they were doing; even if my gut reaction to the idea was that it was a loser. To me, that be no different than giving a brilliant musician an advance on an album even though you have no idea what songs they're going to make.