60-Second Founder Assessment

A framework for quickly assessing founder potential in the first 60 seconds of meeting them, before evaluating their current business idea.

The Star Founder Assessment

• Within 60 seconds you can tell if someone is a "star" founder
• Focus on the person's potential rather than their current idea
• Stars will likely go through multiple ideas before finding success
• Better to back great founders with mediocre ideas than vice versa

Key Assessment Criteria

• Look for founders who demonstrate:
  • Natural charisma and ability to communicate clearly
  • Raw intelligence and quick thinking
  • Drive and determination
  • Ability to execute and get things done

The Three Stages of Founder Ideas

1. Dumb Idea Stage

   • Early stage where ideas aren't fully formed
   • Expected and normal part of the journey
   • Willing to iterate and pivot

2. Kind of Dumb Idea Stage

   • Ideas starting to improve but still need work
   • Shows progress in thinking and market understanding

3. Good Idea Stage

   • Finally landing on something promising
   • Result of learning and iteration

Investment Strategy

• Invest in relationship early, even during "dumb idea" phase
• Goal is to be involved when they reach their good idea
• Back the person, not just the current concept
• Look for signs they'll "do shit" and figure things out over time

Red Flags

• Founders too attached to their first idea
• Unwilling to iterate or pivot
• Lack of natural leadership qualities
• Poor communication skills
• Unable to attract talent or resources

Success Indicators

• Ability to attract and influence others
• History of execution and getting things done
• Quick learning and adaptation
• Strong communication skills
• Natural leadership qualities

The key is identifying founders who will eventually succeed, even if their current idea isn't perfect. Focus on their potential rather than their current concept.