In terms of questions that I ask founders that I’m looking to invest in, some of the key ones are:
- Why are you doing this?
- Why do you care about it?
- Where does your passion and commitment for this come from?
- Are you doing it full time?
- Who’s going to support you as you go through this?
You know, all of those things I think are important.
In addition to those fundamental questions: do you have experience in the area?
And the reason I kind of go into that is not necessarily because you have to have a long track record, but because it lets me understand that you know the market that you’re getting into and that’s really important because the better you know the market, the more likely it is that you’re going to build a product or service that fits into the market need that people are willing to open up their wallets for and give you money in exchange for the services or products that you’re producing.