Traits to Look for in Founders & Young Investors - Keith Rabois
This article is a summary of a YouTube video "Keith Rabois: Key traits I Look For in Founders and Younger Investors" by The Logan Bartlett Show
TLDR Unless a founder possesses extraordinary traits that significantly increase the probability of success, they should not be invested in.
Unless a founder has an extraordinary trait that significantly increases the probability of success, they should not be invested in.
"The most amazing Founders can walk you through the roadmap from where they are to Super success and know how to avoid the pitfalls chop doors and navigate."
"The fact that he'd started his career out of college as a warehouse supervisor was insightful, but it's the other traits about this founder that make him extraordinary and a top one percent founder in the planet."
Proposed hypotheses for the shift include cultural influences, entitlement, and the nature of the businesses, but none of them are supported by data.
Founders Fund regularly debates and discusses their strategy, aiming to identify areas for improvement and amplification in their investments.
"Venture is a really hard business. It's to be successful in terms of driving true returns and distributions to the LPS and to yourself and your colleagues is pretty rare."
"Angel Investing plus CEO respect are pretty important predictors."