https://www.youtube.com/watch?v=lgI89BLbeu8
- need to have a balance team to help see different perspective
- it is hard to move from being a homogenous team to a diverse team
- early concepts are are controversial
- investors are see sawing between deep love, deep hate and doubts with investing in an idea
- look for a founder that has deep domain knowledge and can execute fast
they can do more experiments
- on startups with technology looking for a problem
to spend time figuring out the product market fit problem
- to be very capital efficient so that can do more test and use very little money
- look for founder that has invested huge time and effort in the space and made much sacrifice
- proprietary knowledge is important
- Startups that rely too heavily on VCs to hire is seen as a warning signal of founders that don't spend enough time thinking about the building of their organization
- Highly functioning startups are able to snipe top talents from big firms because the founders spend a lot if time thinking about how to hire
- pivoting as a very painful event because team and investors were sold a prior vision and now have to be sold another vision