One Type of Founder Investors Hate Funding

<p>I invited a local venture capitalist to speak with my entrepreneurship class at Duke. Once he&rsquo;d finished sharing his story and discussing the industry, I opened the floor to questions. Most of the questions were typical, young-entrepreneur questions followed by typical, bland VC answers.</p> <p>&ldquo;What kinds of things are you looking for in the startups you invest in?&rdquo; one student asked.</p> <p>&ldquo;Our top priority is finding great teams,&rdquo; the VC predictably answered.</p> <p>&ldquo;How much traction does a company need to get investment?&rdquo; asked another student.</p> <p>&ldquo;We&rsquo;re mostly focused on the Series A stage and later,&rdquo; the VC replied, &ldquo;but we&rsquo;ll invest in an idea on the back of a napkin if it&rsquo;s the right founder and right team.&rdquo; I rolled my eyes. Yeah. Sure. Whatever. The only idea on the back of a napkin he&rsquo;ll invest in is one that comes from Jeff Bezos.</p> <p>&ldquo;Are there any sectors you&rsquo;re excited about?&rdquo; a third student asked.</p> <p>&ldquo;We&rsquo;re looking very closely at AI and how it&rsquo;s impacting every industry,&ldquo; the VC said.</p> <p><a href="https://entrepreneurshandbook.co/one-type-of-founder-investors-hate-funding-66e11405565f"><strong>Website</strong></a></p>