Keith Rabois: belief

Transcript context

…So when you're evaluating startups these days, I know this is a very hard question to answer, but just is there anything in particular you're looking for that you get really excited about? I'm a founder-driven investor. So the only thing I really care about is, does this founder have a non-zero chance of changing an industry or the world? And if they do for a seed or series A investment, I'm in, period. Don't ask any other questions. That's all I need to identify. Not every investor who's been successful has the same algorithm they're running. There are technology-driven investors. I would say Mark Andreessen's probably someone like that. Vinod's a mix. He's both founder-driven and a technology-driven investor. There are investors who are products/market-driven investors. My colleague, David Wyden, I'd say is that. I think Alfred Lin at Sequoia is mostly that. So you can have different approaches, mental models, paradigms. But for me, it's, is this founder extraordinary? Do I have reason to believe that this founder is the next Brian Chesky? You mentioned that you're an investor in all these companies you listed are doing incredibly well. And you're on the boards of a lot of really successful, incredibly good teams and companies. Is there just something they are doing the way they operate that is different from companies that are not as successful?…

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