VCs, Founders, Conceit

The VC’s conceit | rohit: " . . . the only things we need to be moved by is:

Is the idea big enough that it will change how adjacent technologies/products/markets behave?
Is the market big enough that it will contort itself to pay for it?
Is the founder’s conviction big enough that they must do this or the idea will die, and  that they can and will recruit the very best team possible to deliver on the idea?
Beyond these realizations, we can argue financial projections, models, and hiring plans forever and will not get a shred of certainty. Yet we ask for it…. and more. And most founders partake in this ritual habitual by supplying ‘data’ riding on powerpoint in response. This is the founder’s conceit...."

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