I don't recall arguing that our criteria are the only criteria one could use. I would love for someone to start the venture firm that focuses on non-technical founders with weak personalities! It would either be highly profitable or highly entertaining to watch...
Some internet VC, I can't remember who, was answering some interview questions from a journalist recently and made a comment to the effect that, with respect to financing startups, capital is too concentrated. (Sort of like the returns from startups are so concentrated in only a few.) 100 million in one project instead of 10 million in 10 projects, something like that. If it were somehow possible to achieve, maybe the process of spreading out venture capital that he alluded to would involve some of it going to "unlikely recipients". Black swans. Non-technical founders with weak personalities. Or something even more unusual.
It might not yield any "big winners" (then again it might) but it would in either case produce evidence that we could use to try to disprove certain theories.
"highly profitable or highly entertaning to watch..."
We've seen a quadrant close to this space thoroughly explored: Non-technical founders with strong personalities. MBAs were the most heavily funded during the first bubble in the 90s, far more so than technical people.
