While Graham evaluates startups based on how fast they answer his emails, that’s not an evaluation that’s important for joining VC or by getting a good demo day evaluation.
When it comes to writing the written application Graham seems to believe that spending time doing a good written application helps the startup, because it helps them to clarify their vision.
It would be easy for Graham to set up a system where email response times factor into admission decisions but he decided against that and instead decided to use a system where outside of the interview he believes the tasks he gives the startup are helpful for the startup.
When it comes to the actual interview, that’s a test, but it’s not clear that it leads to useless preparation activities either.
If you spend a lot of time practicing your VC interview, that will help you hone your ability to tell people about your vision and that’s important for hiring, selling the product and fundraising.
While Graham evaluates startups based on how fast they answer his emails, that’s not an evaluation that’s important for joining VC or by getting a good demo day evaluation.
When it comes to writing the written application Graham seems to believe that spending time doing a good written application helps the startup, because it helps them to clarify their vision.
It would be easy for Graham to set up a system where email response times factor into admission decisions but he decided against that and instead decided to use a system where outside of the interview he believes the tasks he gives the startup are helpful for the startup.
When it comes to the actual interview, that’s a test, but it’s not clear that it leads to useless preparation activities either.
If you spend a lot of time practicing your VC interview, that will help you hone your ability to tell people about your vision and that’s important for hiring, selling the product and fundraising.