alt Hacker NewsIf they truly are useless that's one thing, but the ability to "impress" some asshole in a 30 minute pitch has little to do with running a successful tech company.
With what authority are VCs claiming to be capable of being an accurate judge of talent or character in less than an hour?
Sounds like said VC in your example is doing insufficient due diligence and just investing based on vibes.
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root-parent • today at 12:01 AM
>> the ability to "impress" some asshole in a 30 minute pitch has little to do with running a successful tech company.
Judging by the stories being shared here, that is all it takes to get funded...
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recursive • yesterday at 11:56 PM
They have superior taste of course.
segmondy • yesterday at 10:27 PM
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I suppose one could argue that VCs develop a taste for it after speaking with so many founders.
But, of course, you often don’t find out what lay down the road not travelled, except for those companies that get funded elsewhere, so it’s not like there’s an obvious objective measure.
I can’t help wondering if it’s a bit like Moneyball though and, if you had good enough data that you could model it well enough, you’d discover a lot of that taste is just shooting bull and doesn’t amount to much. Possibly there’d be a lot of variability across VCs.