At several Startup School talks, Ron Conway, probably the most successful angel investor in SV, has frequently said "you never argue with metrics." In a talk at Startup School 2012, he said that he "didn't get" Facebook, but he invested (I think it was the round after Peter Thiel's investment, so very early) after seeing the metrics, "way up and to the right."
Somewhat similarly, USV has a well-known blog post detailing how they really liked the Airbnb team, but they "didn't get" the idea, missing out from investing at the seed stage in a multi-billion dollar company.
There is a reason that metrics (growth) and/or a stellar team are commonly cited by investors as being more important than (getting) the idea.
Somewhat similarly, USV has a well-known blog post detailing how they really liked the Airbnb team, but they "didn't get" the idea, missing out from investing at the seed stage in a multi-billion dollar company.
There is a reason that metrics (growth) and/or a stellar team are commonly cited by investors as being more important than (getting) the idea.
Notwithstanding that Pinterest is a great idea.