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>When you figure out how to determine that before the fact I'm sure there are plenty of VC firms who would love to hire you. My email is in my profile (if anyo
by curiousjorge 11y ago
>When you figure out how to determine that before the fact I'm sure there are plenty of VC firms who would love to hire you.
My email is in my profile (if anyone wants to hire me). I've described a strategy that involves making small bets across large number of startups and not focusing on making judgements or even attempting to figure out how much this startup is going to be worth (as you say VC are human, why introduce that inherent bias to a numbers game?) because like we witnessed with the guys who rejected Airbnb, their own bias towards safety incurred a huge opportunity cost.
> They rejected countless startups that have since failed (and surely some other that have succeeded). VCs are human, you can't expect them to have the clairvoyance required to only invest in eventually successful companies and only turn down eventual failures.
Exactly, which is why I feel like they should ignore their own instincts and thought processes. Even if they were able to land a few successful ones, how can we be certain that it was not the work of dice rolling? Studies show that most money managers perform no better than buying the index or throwing darts, what makes you think VC's suddenly have improved odds?
- umanwizard 11y agoWait -- so you'll invest in a startup blind, regardless of fundamentals, without trying to ballpark its valuation? Give me an hour to come up with a business plan, and I'll shoot you an e-mail :P
- curiousjorge 11y agoIf that's what you got then no, I think you should check with your local donation institutions because I'm not running a charity. Another red flag actually, because I checked my email and I didn't find a business plan in my inbox and 2 hours has passed. If you were serious I would've read it and rejected you because the first thing I would do is not read the business plan but talk about your experience and see if you have a history of being non punctual or any thing that would suggest dishonesty.