How Do VCs Blindly Invest In Startups Without Knowing Actual Product Details?

VALUE: After Hours (S07 E18): Jakes Veggies -VC and Startup Lekking Analogy | The Acquirer's Multiple®

During their recent episode, Taylor, Carlisle, and Tim Travis discussed VC and Startup Lekking Analogy. Here’s an excerpt from the episode: Jake: All right. So, this segment’s inspired by Matt Ridley’s new book, Birds, Sex and Beauty. Ridley’s one of my all-time favorite authors. I think I’ve read everything he’s ever written. So, to paint the scene for you, imagine it’s early morning on the grasslands of South America. A dozen male birds gather…

How Do VCs Blindly Invest In Startups Without Knowing Actual Product Details?

In the cutthroat arena of venture capital (VC) and startups, where billions of dollars chase the next unicorn, the line between genuine innovation and manufactured hype has increasingly blurred. An eye-opening experiment by Bhavye Khetan, an Indian-origin UC Berkeley graduate, laid bare how easily investors can be swayed by little more than buzzwords and prestige …