Re:What software engineers can learn from the rapid collapse...
by b20000 on Friday April 08, 2022 @01:50AM
(#30953725)
traction doesn’t matter. or we would have raised. story and team maybe. i think that VCs buy into a certain type of person. maybe a younger version of themselves. somebody they want or wanted to be. that rules out anyone who is nerdy or weird. and they like to go to parties to hear what others are investing in and then do the same.
Fast did great job hyping the company on Twitter, likely the founder also was a good storyteller. The old adage is that you raise with a story, team or traction. Sometimes the story actually pans out, like with YC Airbnb is often an example of company that struggled for a long time in the beginning and no-one could really predict how big they could become.