Well known Venture Capital Rule - A Class Team with a B Class idea over an A Class Idea with a B Class Team. Someone getting into this type of game should not need to learn this.....or if they do it should be learnt on day 1 or 2.
So in effect he is saying that he has failed to be able to judge an A Class Team.......has it changed this time, I doubt it.
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Kleos Pre-IPO, page-71
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