10+ hours of podcasts, in 5 minutes.
4 quotes from 1 episode on How I Invest, each with a timestamped link to the source.
Will Robbins argues that early-stage investors evaluate fundraising founders through un-fakeable reputational networks. Top founders receive extreme praise or show a spiky profile among immediate peers.
Top founders earn universal praise or develop a highly spiky reputation among close peers.
“I really yet to find a great founder that is not universally spoken extremely highly of or at least in a very spiky way by the people around them…”
From Why Will Robbins Ignores Pitch Decks to Underwrite Social Graphs
Will Robbins says Hollywood correctly accepts raw talent as an unexplained X factor.
“I joke that the Hollywood people kind of have it right because they just call it the X factor and they leave it at that and they don't try to rationalize, they don't make up stories…”
From Why Will Robbins Ignores Pitch Decks to Underwrite Social Graphs
Venture capitalists look at a founder through a social graph before product-market fit. This method relies on un-fakeable reputational hierarchies to assess human talent.
“If you have a social graph, you can look at a founder…”
From Why Will Robbins Ignores Pitch Decks to Underwrite Social Graphs
Founders building software cheaply might still require standard venture capital amounts. Early teams spend double the compensation for fewer engineering seats to secure scarce builders.
“The argument against people raising less money now in venture because you can go build companies and build software so much more cheaply is probably that you're going to have to spend twice as much on half the number of seats…”
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