Early stage VC is 95% based on team, product, and market, and 5% on numbers and data.
55 things learned as a 19 year old VC
Tiffany Zhong

… and then again, if you are investing as a (pre) seed investor with your small fund, you need to trust your feeling and intuition about people: “Can these guys last and be perseverant enough? Do they need to win with this venturein their life?”. Your ability to discover hidden gems, before they become bright stars for everyone else is fundamental in order to return value to your LPs.