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.