Venture Capital Evaluation Process

topic on 1 show · 1 statements across 1 episodes

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Sacks: VC pitch process measures storytelling, not underlying business validity
“Most of what the VC process does is just measure a founder's ability to tell narratives, and that may be correlated with their ability to do marketing, but it's not correlated with whether their idea is fundamentally correct or not.”
David Sacks Aug 6, 2021 ▶ 54:10 E43: Innovative venture strategies, Zymergen's implosion, Square acquires Afterpay & more

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