|
|
|
|
|
|
by pg
5349 days ago
|
|
|
The two biggest factors in the time it takes to close a VC round are how obviously good the idea is, and how much competition there is for the deal. The two are not entirely independent of course. By "obviously good" I mean obviously good to VCs, who as a rule tend to overlook the very best ideas because they seem crazy. So for example it may have slowed things down for Gabriel that he was working on a new search engine, because to many VCs it would seem crazy to try to compete with Google. |
|
|
But crazy is good when combined with a good entrepreneur and some traction