This is a cool experiment, and is a good example of “If you *actually believed* a thing which is widely professed in our industry, you would structure your affairs radically differently than is standard.”https://twitter.com/avichal/status/1343265951391748096 …
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If you actually believe that founders are the most important thing, and if you actually believe you have a nose for that, if you meet someone at a barbecue and they ping your radar you should offer to invest even if they are presently e.g. teaching math.
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“That’s absurd.” The underlying belief is absurd or it isn’t. If you believe it, then the rest of this is *strictly* a math problem. There is a valuation where you have a higher EV of returns than e.g. YC does; you just need to get them to say yes to it.
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Replying to @patio11
I remember hearing a report from a famous VC who kept good records and said they’d have done as well or better if they’d never listened to any facts about the companies founders were pitching to them? (That is, nothing had signal beyond how good the founders were.)
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This turns out to have been Arthur Rock (h/t informed DM'er).
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