0:00:00.000,0:00:03.520 I really want to ask like as a mentor, as an investor 0:00:04.000,0:00:05.653 How, what would be the 0:00:06.670,0:00:09.670 The elements for you, to choose somebody to work with 0:00:10.000,0:00:13.488 Let's say that personality that proactive taught you 0:00:13.918,0:00:14.420 Yeah 0:00:14.714,0:00:15.294 Okay 0:00:15.821,0:00:20.063 By far the single most important thing is teachability 0:00:20.690,0:00:24.879 Will they listen if someone who might know more of them says some should be different? 0:00:24.879,0:00:28.006 I guarantee you, virtually every investor I know 0:00:28.400,0:00:33.006 if you come across as stubborn or unwilling to change your views 0:00:33.006,0:00:37.607 in the face of maybe someones informed opinion. It's over, nothing's going to happen 0:00:38.394,0:00:39.695 It makes perfect sense too 0:00:40.000,0:00:44.535 Whether you're in school or work, even playing a game with somebody 0:00:44.535,0:00:48.645 you know, if you're really stubborn and it has to be your way and I say my way or the highway 0:00:48.645,0:00:49.803 it doesn't work that way 0:00:49.803,0:00:50.773 It's not how the world works 0:00:51.813,0:00:56.493 Community's function through cooperation not through having a position sticking to it 0:00:56.493,0:00:57.156 no matter what 0:00:57.156,0:00:58.320 That's the biggest thing 0:00:58.320,0:01:01.974 Then after that, you want to see, are they clear and concise about 0:01:01.974,0:01:05.564 Again, the problem they're trying to solve in the solution, they think will solve it 0:01:07.102,0:01:08.640 What is the demand like in the market? 0:01:08.640,0:01:11.207 How much do people really want this problem solved? 0:01:11.207,0:01:13.890 Competitors. Who else is doing it? 0:01:13.890,0:01:17.966 It's unlikely that nobody else is trying to solve the problem you're trying to solve 0:01:17.966,0:01:20.451 Because there's so many people doing so many things 0:01:20.451,0:01:22.990 A lot of folks think no one else is doing this 0:01:23.164,0:01:25.341 If I hear that it's over 0:01:25.341,0:01:30.284 because I guarantee you, just because you don't know about it 0:01:30.284,0:01:31.581 Doesn't mean it isn't happening 0:01:31.581,0:01:33.887 A lot of things happen in stealth 0:01:33.887,0:01:35.760 and you're never going to know until it comes to market 0:01:35.760,0:01:37.862 So you should always assume others are doing it 0:01:37.862,0:01:40.000 You have to be on, you have to be the best 0:01:40.000,0:01:44.010 at what you're trying to do to survive the threat, they might represent 0:01:44.010,0:01:47.805 And then I would say the clarity about how realistic are you 0:01:47.805,0:01:51.066 about the actual process involved in developing your solution 0:01:51.415,0:01:52.681 That's the start to finish 0:01:53.000,0:01:54.950 So it's problem, you're trying to solve 0:01:54.950,0:01:58.185 The solution, you're trying to do with. Who else is doing it? 0:01:58.570,0:02:01.164 What's the qualification of the team that you've assembled around you 0:02:01.164,0:02:02.476 even if it's just you 0:02:02.476,0:02:08.513 And then how much time and money and risk will it involve to get to some stage of? 0:02:08.855,0:02:09.800 Here's what we're trying to do. 0:02:09.800,0:02:11.194 We think it works well enough 0:02:11.274,0:02:12.151 Please give it a try 0:02:12.151,0:02:16.612 Do some beta testing, get the feedback and improve it and then get ready to release 0:02:17.638,0:02:21.562 I feel like what we normally call a coachable, right? 0:02:22.433,0:02:24.127 Exactly, same thing, same thing 0:02:24.127,0:02:28.625 Yeah, coachable makes it become more like a border 0:02:28.625,0:02:31.000 because sometimes it's not about right or wrong 0:02:31.000,0:02:37.140 It is about like, let's open another perspective and - right - do something about it 0:02:37.140,0:02:40.460 if not why we need to be here together, right? 0:02:40.900,0:02:46.550 So if someone gives some perspective or help you to have another perspective 0:02:46.550,0:02:50.787 let's do something about it to test it out and co-create that journey 0:02:50.787,0:02:52.778 right, so it's really two things 0:02:53.200,0:02:55.351 Is someone willing to listen to somebody else's opinion? 0:02:55.351,0:02:57.482 And are they willing to admit? 0:02:57.482,0:02:58.764 They don't know at all themselves 0:02:59.270,0:03:01.150 That's a big, that's a big one 0:03:01.150,0:03:04.048 That's a lot. We call it know-it-alls, lots of know-it-alls out there 0:03:04.260,0:03:07.027 Even I've been accused of being a know-it-all but I think that's wrong 0:03:08.565,0:03:11.000 I just feel like it is same 0:03:11.000,0:03:14.584 Maybe the same as but I would look at it as somebody 0:03:14.584,0:03:19.827 who partly be honest enough for with themselves to know that where they are now 0:03:19.827,0:03:22.909 and what they want to do and whether they want to go 0:03:22.909,0:03:25.721 and then there's somebody who co-create the journey with them 0:03:25.721,0:03:32.181 and they should make the best out of that, instead of sticking to the previous patterns 0:03:33.251,0:03:37.098 Otherwise there's no reason to actually having somebody else to co-create the journey