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Many VCs are only doing one thing: how to use some magical quantitative metrics to assess whether a project is reliable without knowing the know-how. Numbers ar
by ethegwo 5mo ago
Many VCs are only doing one thing: how to use some magical quantitative metrics to assess whether a project is reliable without knowing the know-how. Numbers are always better than no numbers.
- dukeyukey 5mo agoHonestly I don't know if that's true. Picking up on vibes might be better than something like GitHub stats.
- ethegwo 5mo agoWhen a partner decides to recommend a startup to the investment committee, he needs some explicit reasons to convince the committee, not some kind of implicit vibe
- dukeyukey 5mo agoBut given the amount of astroturfing and star-buying out there, relying on star counts may well select for deceptive founders.
- ethegwo 5mo agoYes, I think VCs have already switched to using other metrics that are less easy to fake, such as download per month or customer interviews (or more direct, ARR, even for really early stage startups). I just want to explain the background reason of it.