Fantastic point. Credit scores allow for greater “efficiency”, but don’t necessarily capture all the relevant information.
There is a common problem of seeing quantitative measurements as “more objective” than qualitative evaluations, but this is oftentimes naive. Notice that many of the best VC’s focus on the individuals and group dynamics of the founding team, something that can’t be captured quantitatively.
“Giving someone no map is much, much better than giving him a wrong map.” — Nassim Taleb
There is a common problem of seeing quantitative measurements as “more objective” than qualitative evaluations, but this is oftentimes naive. Notice that many of the best VC’s focus on the individuals and group dynamics of the founding team, something that can’t be captured quantitatively.
“Giving someone no map is much, much better than giving him a wrong map.” — Nassim Taleb