Surprising how pervasive this myth is. There is an abundance of capital. Virtually all good ideas are funded. Constraint is # of good ideas. https://twitter.com/christineluc/status/920670557783302144 …
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Personally I'd guess that many things go unfunded and we have no idea how good they could have been b/c it's so hard to predict future.
definitely hard to predict future...but based on the failure rate, I find it hard to believe that the good ideas aren't getting funded. everything is getting funded.
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Good ideas attached to someone who doesn't inspire confidence in investors likely won't get funded. Bad idea attached to opposite might.
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There's no doubt that the "idea" is only a portion of what is used to evaluate an investing opportunity.
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Hm, in that thought experiment, high failure rate could also mean many bad ideas are getting funded, causing the high failure rate.
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everything is getting funded... tons of bad ideas are gettin funded just as much as the good ones lol
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But I actually read the tweet you QT'd as critiquing the metrics by which to define "good" in the first place.
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