This fits with other advice I've heard: investors invest in teams, not ideas. To raise money, you need a kickass team.
In practice, we also found that mention of the "core team" came back again and again in our fundraising discussions (though they weren't with VCs).
What would be very interesting is to know what are the key indicators that VCs look for. If, for example, they look at things like degrees or "demonstrated industry experience", as someone mentioned on #startups, then I would think there's a huge opportunity for someone with good hacker recognition skills to bypass them and get to all the good deals that no other VCs want to touch. Thoughts?
In practice, we also found that mention of the "core team" came back again and again in our fundraising discussions (though they weren't with VCs).
What would be very interesting is to know what are the key indicators that VCs look for. If, for example, they look at things like degrees or "demonstrated industry experience", as someone mentioned on #startups, then I would think there's a huge opportunity for someone with good hacker recognition skills to bypass them and get to all the good deals that no other VCs want to touch. Thoughts?