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The Wisdom List: Leif Abraham
One thing I'm always on the lookout for with people. Are they moving quickly? Are they evolving quickly? In my view, at the end of the day, when you're betting on a founder, especially if the market's not super clear, what you're trying to do is, you're trying to predict that, that particular person will have as many shots on goal as possible
... See moreDaniel Gross • Finding Undiscovered Talent
Lulu
The first one is what gives you a right to exist. There is already 40,000 companies doing something like you, and then there's 15 companies doing what sounds exactly like what you're doing, and then there's three other companies that are literally doing exactly what you're doing, at least to the outside eyes. Why don't you just go join them? Wh... See more
The first one is what gives you a right to exist. There is already 40,000 companies doing something like you, and then there's 15 companies doing what sounds exactly like what you're doing, and then there's three other companies that are literally doing exactly what you're doing, at least to the outside eyes. Why don't you just go join them? Wh... See more
I tell founders to think about the problem they’re solving, specifically my LUV framework:... See more
- Large: Is the problem you’re aiming to solve large enough—customers, users, spend, etc.?
- Urgent: Is the problem urgent to your users/customers—will they be interested in a new offering, change their way of solving this problem today?
- Valuable: Are people will
Lenny Rachitsky • Your startup idea probably isn’t venture-scale
elusive. The number one thing I look at when making a startup investment is the quality of the entrepreneur. In this, I—and a majority of professional angel investors—follow the old adage: “Bet the jockey, not the horse.” There are countless examples in which a great entrepreneur has taken a moderately good idea and ridden it to outstanding success
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