One of YC's innovations is to use the founders themselves to do technical due diligence on their own idea.
VCs traditionally sent (probably still send) ideas to outside "experts" to be vetted.
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But if you can tell both (a) if founders are domain experts and (b) if they're telling the truth, you can use them to vet the idea.
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And while I would not have guessed it, with sufficient practice you can do this in a 10 minute conversation.
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They do, just witnessed it with a startup I advise.
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What are examples of some of these outside experts?
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Do you see value in this exercise with life sciences startups? Eg peer review of deals? We do his
@FundRx and it's pretty valuable -
Great question, thinking life science founders would be against this in light of their idea being shared around pre-publication?
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And worst of all, sometimes those experts are your competitors!
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A VC once sent our idea to a YC alum to be vetted. Does that count?
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