"Oh they ran the software at the warehouses in Amazon, they must be experts in that, here's $5M for your warehouse management software"
That's only 1/3rd; the other 1/3rd is "Successfully founded xyzCorp that had $xxxx / year revenue and sold for $x,xxx,xxx after 5 years."
Investing in a founding team where the founders have a solid history of starting successful companies isn't relying on pedigree.
The final 1/3rd is looking at the team dynamic during a pitch. Is the team on the same page? Are they happy with each other? Does one person do all the talking?
That's only 1/3rd; the other 1/3rd is "Successfully founded xyzCorp that had $xxxx / year revenue and sold for $x,xxx,xxx after 5 years."
Investing in a founding team where the founders have a solid history of starting successful companies isn't relying on pedigree.
The final 1/3rd is looking at the team dynamic during a pitch. Is the team on the same page? Are they happy with each other? Does one person do all the talking?