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Howard Marks & Andrew Marks: Something of Value
Acquired
Are the Founders the Most Important?
I think you can also test for specific skills in the hiring process. And if their idea comes from specific knowledge of a real problem and a real deep understanding, I think you can evaluate judgment very well based on that. If this person can't be in the middle of the distribution at everything or else the startup will never be successful. Howard sounds like your earlier story. It just came to you. He was having a conversation with his dad about a potential angel investment recently. "What's your view of what that actually means?" he said. 'It's funny. I'm the founders thing'
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