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20VC: Founders Fund's Trae Stephens on Why The Most Competitive Deals are the Worst, Why No Company is Successful Because of their VC, Why We are Making ZIRP Mistakes Again Today, Why Loss Ratio is BS and Upside Maximisation is Everything
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Focus on Exceptional Founders and Teams
Investors should focus on exceptional founders and teams rather than trying to spread their investments across a category. Successful investments are often attributed to backing brilliant founders with the ability to make a mark in the market, such as missing Facebook but investing in Snap. The strategy of broad investment across a category without focusing on absolute assessments is deemed ineffective, as there are not likely to be numerous companies like SpaceX.
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