Basu Trivedi: Fundraising ability differs sharply from business building ability
Nikhil Basu Trivedi · Nikhil Basu Trivedi: Why 99% of AI Investments Will Go Bust | E1057 · 20VC with Harry Stebbings · Sep 6, 2023 · at 24:10
Nikhil Basu Trivedi, co-founder of Footwork, reflects on past founder evaluation mistakes during an interview with Harry Stebbings on 20VC.
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“And so I have been sucked in and seduced by founders that can tell a great story, that are great in a handful of one hour sessions and in person for the first time, who feel like they're magnets for talent, who know their business inside and out, it seems, and who are great at fundraising, and so attract multiple term sheets. And what I've seen happen a handful of times is that They are not good at the fundamentals of building the product and building the team of actually finding product market fit or growing the product market fit that we thought that they had. And that there's that huge difference between fundraising and business building.”
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