I feel that I’m missing something in building a successful company so I’m starting a habit to read a Paul Graham article each day. He and his team have manage to pick out big winners from unexpected situations, there might be something we can learn from his reading.
Meanwhile, the one thing you can measure is dangerously misleading. The one thing we can track precisely is how well the startups in each batch do at fundraising after Demo Day. But we know that’s the wrong metric. There’s no correlation between the percentage of startups that raise money and the metric that does matter financially, whether that batch of startups contains a big winner or not. via Link
It’s hard to identify a clear big winner in startup investing. Sometimes the best idea is the worst idea you can hear from. But most importantly, it’s not about how much you raised for your startup, it’s how you build it.