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Think of Me Like a Smart Middle Schooler
Sounding like you know what you’re talking about is cool. Actually understanding what you’re talking about is cooler.
As early-stage investors, we are tasked with generating opinions about inherently uncertain markets and ideas; this process requires informed (and often outsized) confidence. To develop this confidence, we have to see a lot of companies, in hopes of knowing a little about a lot of things. Going deep on every idea would result in stagnation.
These realities lead many investors to quickly call out what’s wrong with a founder’s idea before listening to what they’re being sold — a skepticism that’s counterproductive, yet often viewed by peer investors as a sign of intelligence, as I explored in a previous piece about what doesn’t make sense in VC.
What’s the alternative?
One solution I’ve adopted as an investor comes from advice I received as a journalist:
To ensure you fully understand what your interview subject is telling you, ask them to explain their argument, business, or idea as if they were speaking to a smart middle schooler.
As a journalist, I couldn’t afford to misunderstand the experts I was interviewing then quoting. As an investor, I believe the same standard should apply. The “explain to me like I’m a middle schooler”…