The Team is Key, Nothing else is The central date for Angels in assessing early-stage start-ups is their founder teams. Evidently, a very good start-up will present a very good business model, a promising market, an excellent product or service and so on. It goes without saying that a good founding team will have developed such a sound business model, … Read More
Part 2: VCs Should Seek Flaws & Not Just Risks
Since I hate to adorn myself with borrowed plumes, I’d like to point out that my and many other investors’ bias against “risk distribution” is rather old news. In his wonderfully anecdotal Zurich Axioms, dated 1972, Max Gunther, had already pointed out every relevant practical aspect pertaining to the topic. My issue today is a different one. I do not … Read More