Biltzscaling lesson 4 – Ann Miura-Ko

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