Most VCs think they can spot greatness but they're probably delusional
“I don't know that it took a genius, or it took a taste, an extremely high taste person to see that they were sitting in the presence of somebody great.”
I don't know that it took a genius, or it took a taste, an extremely high taste person to see that they were sitting in the presence of somebody great. I think there is such thing as taste. I think there is such thing as people who have outlier ability to smell greatness in other people. I also think that like way more than 50% of people think they're better drivers than average and probably way more than 50% of people think they can read people better than average.
About this clip
Jack Altman questions whether VCs really have superior ability to identify great founders. While acknowledging that some people genuinely have better taste for spotting talent, he argues that most investors overestimate their own abilities - similar to how most people think they're above-average drivers.
Why this clip
This challenges a fundamental assumption in venture capital about investor skill and pattern recognition abilities.
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Jack Altman
1 appearance · 4 clips
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