Keith Rabois: belief

Transcript context

…Do you see those sorts of things at the beginning when you're seeing a seed stage startup? Yeah, it's a great question because I think people can conflate two things. There's a difference between seeing it and understanding the potential. So what I'm looking for when I need a founder is can they articulate where the accumulating advantages can be in theory conceptually. They don't have to have demonstrated it. Yes, there's an occasional example. Once every five years you might find one where early you can actually point your finger on it empirically, but that's way too strict as a bar for an early stage investor. But I personally want the founder to articulate to me where they can build accumulating advantages and maybe even sequentially identify when they would start either taking advantage of them, leveraging them or measuring them. 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?…

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