I often hear stories about companies that received funding based purely on the credentials of the founding team, and that they had no idea or concept at the time.<p>Anecdotal evidence suggests that this is becoming increasingly rare, so I'm curious how many readers would/would-not invest purely on pedigree.<p>All thoughts welcome! Thanks.
Definitely. Not necessarily a huge/blank check. But there are some people whose opinion I think so highly of, that I'd wanna piece of pretty much anything they were doing; even if my gut reaction to the idea was that it was a loser.<p>To me, that be no different than giving a brilliant musician an advance on an album even though you have no idea what songs they're going to make.