On my recent trip to the Bay Area I heard something right out of Annie Hall - if it had taken place in Silicon Valley. Remember the scene where Jeff Goldblum is overheard on the phone saying, “I forgot my mantra”? If Woody Allen had set part of that movie in the contemporary startup scene Goldblum might’ve said, “I’m only investing pre-idea.”
Only this is real. Are we back to vapor or is there something to this? If the old logic is true that an A+ team can succeed with a B+ product but an A+ product is worthless in the hands of a B+ team then perhaps funding people without worrying about what they make has legs.
I’m skeptical but intrigued.