We invest in great teams. You might not know everything, you might still be looking for your product market fit, you might be at the MVP stage. But you must be a team willing to spend the next few years transforming your vision into reality through blood, sweat and tears.
Socrates said "I know that I know nothing" - we value open-minded founders who listen to different arguments and are able to validate them fast as hypotheses. After all, it doesn't matter whose argument or idea it was. What should matter is if it works or not.
In general we don't invest in teams that are running multiple ventures. Of course there are individuals able to run a few companies at the same time, but you can't build Google, Apple and Facebook simultaneously. WWe need you to commit your time and mind.
It's almost certain that right now there are a few teams across the world which are building something very similar to what you are doing. You need to be able to put aside the backlog of 20 functionalities that you wanted to implement before going live and instead be able to check your assumptions as soon as possible. We love the pareto rule and lean approach. Great Example from buffer.com
The world is full of people who talk a lot about what they are going to do.
We like them, but we invest in people who, instead of talking, roll up their sleeves and get down to work.
Building great companies requires time - and we understand that. Although we invest at the pre-seed/seed stages we want to support you in the long term.