Angel investor and executive coach Sahil Mehta discusses unconventional founder evaluation questions with host Sean Weisbrot.
Insight
Mehta evaluates founders by taking them to escape rooms and meditation
“Just take them outside their comfort zone, take them to an escape room, take them to, I don't know, a meditation, something that they're not really used to and just see how they are as a human being.”
Insight
Mehta: Founders refusing experienced mentor advice present a major red flag
“However, there's many that I could have learned from others, and so if someone is not open to receiving, for me, that's a bit of a red flag, because I know they're going to make mistakes, and I certainly don't want them to make too many mistakes on my diet.”
Insight
Mehta uses unexpected questions to reveal authentic founder character
“So sometimes it's about make sure you've got a set of questions, powerful questions in your toolkit in, in your hat, I mean, that you can pull out and ask these founders which are completely random to them at least, but it enables you to better understand them…”
Insight
Mehta: Investors should walk away from deals over any perceived red flag
“Even if the company ends up being a success, there's no shortage of investment opportunities that are out there. And that's what one of my mentors always told me. He said, Seil, don't be impatient. If you see a red flag, Whether it's real or it's not, or it's …”
Insight
Mehta: Investors must dig deeper when good founders fail at pitching
“Sometimes the ideas are really good, but for whatever reason, they're just not able to communicate properly, either through slide decks or pitch decks or verbally. And It requires a little bit more effort on my side to see, does this actually have potential?”
Disclosure
Mehta: I do not spend heavy time on companies post-diligence
“So I'm not really interested in investing a lot of time Except during the beginning stage, which is really the due diligence and making a decision on whether the investment is attractive or not.”