Mar Hershenson is Founding Managing Partner at Pear VC. She describes the success rate of Pear VC's Launchpad summer accelerator program.
Assertion Not publicly verifiable
Seed Startups Without Lead VCs Struggle to Raise Series A Funding
“A seed company that maybe, you know, angel funded and has some sort of party round and there's no clear lead venture person has a much lower chance of getting to a series A than a company that has a lead seed fund behind it.”
Disclosure
Pear VC Evaluates Pre-Product Founders Solely on Obsession and Drive
“And the only thing we're judging is the human being, and the founder, and whether we think they are obsessed, hungry to achieve something.”
Insight
VC Platforms Are Intensive Service Operations Scaling via People, Not Software
“At the end of the day, to be honest, what we do is, you know, you can automate and replicate some of it, but it's a very intensive services business, right? It's people. Everybody's different. Founder has a problem, and they really need that human contact with…”
Insight
Startups Succeed Only by Tackling Their Hardest Problem First
“I think as a founder, you can always be busy, but the only thing that matters is the hardest thing. And a lot of many founders will tend not to do the hard things first. Right. They want to like, it's because you feel more comfortable doing the easy things fir…”
Insight
Concise Founder Communication Is a Top Predictor of Startup Success
“But again, I think it's almost the way the CEO or the founding team communicates. It's a great predictor of success. And again, I think being a good communicator, it's obvious, but the people that are concise and size and they come to a meeting and they're lik…”
Insight
Only 1 in 100 Startup Pitches Generates Strong Investment Conviction
“You meet a hundred companies, and 95 of them, you know, it's a clear no, four of them, it's like, maybe, and one of them, you're like, oh my god, I gotta do it”