The first indicator that this might be great advice is the near-unanimous disagreement in the replies. In hiring, you can either become among the best in the world at identifying mispriced assets - or you can pay market rates. And nearly everyone thinks they’re a great picker.https://twitter.com/awilkinson/status/1170012873512239104 …
-
Does this also apply to a VC picking a founder? Should you only fund someone who's "done the exact task" of successfully founding a startup company before? And pay an appropriately high valuation for that person?
The VC model is driven by power laws. They expect the vast majority to fail and are looking for exceptions. Different than hiring.
