Forget about technology, market size and products. VCs should invest in the entrepreneur.
My new lens on investing: Entrepreneur equity. Specifically, equity in all the commercially productive activities of a person’s career. I want to invest in the innate drive, talent and potential of a person. I want to invest in what they’re working on now, what they’re thinking about next, and whatever they dream up in the future. When it comes to exceptional talent, I’ve stopped worrying about technology, market sizes, product-market fit, etc. I just want to invest before the valuation gets frothy (seed is so 2010).
Courtesy : Nauzad Tantra