Source: Fortune.com
Summary
Outlander VC founders Paige and Leura Craig have developed a 38-point framework to assess potential entrepreneurs. The framework, which has four domains – vision, intelligence, character, and execution – is used to evaluate founders’ potential to succeed. The Craigs believe that character and execution are key determinants of success, and that entrepreneurs need to have “irrational optimism” and fortitude to thrive. They use a rigorous evaluation process, including long calls and deep dives, to assess founders’ attributes.
Our Reading
The announcement sounds familiar. Outlander VC’s 38-point framework is a codified version of what many early-stage VCs look for in entrepreneurs. The Craigs’ emphasis on character and execution is a common theme in startup investing. Their use of intelligence-gathering-inspired elicitation tactics to get past canned answers is a unique approach. The framework’s focus on “irrational optimism” and fortitude highlights the importance of resilience in entrepreneurship.
The Craigs’ framework is a tool for identifying entrepreneurs who can “make decisions in chaos” and “constantly get things off the plate.” It’s a way to assess whether founders have the potential to be “generational entrepreneurs.” The fact that Outlander has 18 unicorns and one “baby on the way” suggests that their approach may be effective.
Author: Evan Null
