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September 10, 2013 11:02 pm GMT

Actually, It's Better If Some VCs Hate Your Idea (According To Greylock's Hoffman And Sze)

sze hoffman arringtonIn addition to announcing a new $1 billion fund, while on-stage today at Disrupt SF, Reid Hoffman and David Sze of Greylock Partners talked about how they actually choose the startups they back.In fact, Sze said the firm conducted a study of partners' voting patterns and decided to change the process by which it decides on on investments. He didn't go into too many details about those changes changed, but apparently the team observed that when everyone thought backing a company was a bad idea, it was indeed a bad idea. More surprisingly, if all the partners loved the startup, "the returns turned out to be very mediocre." The problem, Sze suggested, is that those ideas are probably "too easy."

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/j2qKTVFySKk/

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