Would you have invested in this guy’s startup (called “The Facebook”) based on his pitch?
This is the beauty of the startups’ ecosystem. No matter how many analysis and parameters you will put in the evaluation’s process, you’ll never know for sure if a startup will fail or will succeed. And whether you like it or not,there is a big component of “visceral intuition” that needs to be used to make your final decision.
When we have a founder in front of us, we should always answer the journalist’s question at the beginning of this interview: Is this perhaps the next big thing? And then, based on our gut’s instinct, be fast and act accordingly.