There’s a well-known scene in the Brad Pitt-Billy Beane biopic “Moneyball” in which Beane confronts a bunch of stale, oldster scouts about the outdated way they evaluate baseball players. One scout comments that because a player has an ugly girlfriend it means he has no confidence. Beane gives an exasperated “facepalm.” The way many venture capitalists analyze potential startup investments is similarly haphazard and inaccurate. However, just as in the movie, it’s all about to end in a giant wave of business innovation.
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