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But no VC hands out executive roles to anyone they don't believe to be top talent; they'd destroy their own career, reputation, and compromise the returns of th
by michaelochurch 12y ago
But no VC hands out executive roles to anyone they don't believe to be top talent; they'd destroy their own career, reputation, and compromise the returns of their fund.
Well, then they're just really awful at judging talent, because founder quality is at an inexcusable low.
I doubt they'd destroy their careers by placing incompetent people in these startups. Why? Most of them fail anyway, and that's part of the design. Also, most non-founder executive roles are sinecures.
- fearless 12y agoHow do you measure founder quality? Most startups have some amount of traction when they raise VC funding. Either hundreds of thousands of users or $1M or more in revenue, especially with the bar for Series A getting consistently higher. That would speak to the quality of founders increasesing over time, not decreasing.