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Mel Strong (Managing Partner @ NEXT Ventures) on identifying traits of great founders

  • Working at a major corporate can act as your MBA.
  • Access is the name of the game. This is also the hardest piece to achieve.
  • Not having a pedigree is so much more valuable than matching a cookie-cutter profile. Different perspectives are more valuable.
  • It’s a different type of hustle when you build from the ground up.
  • Fundraising sucks. Emerging fun managers have to prove themselves each day. This gives these people an edge and makes them more empathetic to the founders they work with.
  • Assessing people is the most critical skill for any VC.
  • Understanding people’s blind spots is as important as being able to spot skill.
  • So many brands have nothing real behind them. Brand can carry you only so far; in order to be a lasting company you need to have more than this.
  • Having defensible science is critical for any wearables company.
  • “If there is one thing you can change that can impact the rest of your life in a positive way, it is sleep.”