Why this VC became stricter about teams after experiencing startup failures
“changed about how you think about companies and founders when you invest?”
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changed about how you think about companies and founders when you invest?
Yes. Indeed, there is one very clear thing. In the beginning, we were a bit more idealistic in in how we think about business models and whether we can compromise a bit on the team in favor of a market or a business model. But as we've experienced failure or lack of significant success, in many cases, we have become stricter and more discerning when it comes to the teams we are willing to partner with. And, hopefully, we can become better also in selecting the teams that have the capacity to to be to move independently,
About this clip
Apostolos Apostolakis shares how his investment philosophy evolved from being idealistic about business models to prioritizing founder quality above all else. He explains how experiencing portfolio failures taught him that great teams matter more than great markets or business models, leading VentureFriends to become much more selective about the founders they back.
Why this clip
This reveals a key evolution in VC thinking based on real experience, offering valuable insight into how successful investors actually change their approach after learning from failures.
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