Many VCs are only doing one thing: how to use some magical quantitative metrics to assess whether a project is reliable without knowing the know-how. Numbers are always better than no numbers.
When a partner decides to recommend a startup to the investment committee, he needs some explicit reasons to convince the committee, not some kind of implicit vibe
Yes, I think VCs have already switched to using other metrics that are less easy to fake, such as download per month or customer interviews (or more direct, ARR, even for really early stage startups). I just want to explain the background reason of it.
