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To get past a founder's polished pitch, ask about their core motivations (like ambition) multiple times throughout the diligence process, using different phrasing. This repeated, layered approach can reveal inconsistencies and expose their genuine life goals versus what they think investors want to hear.
To understand a candidate's true drivers, ask them to walk through every major career decision they've made, from college choice to job changes. This narrative reveals patterns and motivations—such as status-chasing, financial incentives, or problem-solving focus—far more effectively than direct questions.
Gilly Shwed’s founder interview technique focuses on understanding the motivations behind past actions. He believes this meta-level questioning provides deeper insights into a founder's character and decision-making framework than a simple recitation of accomplishments.
To gauge a founder's drive and potential for greatness, ask if they have ever been in the top 1% of any field, even an esoteric one. This unconventional question serves as a powerful proxy for ambition and the willingness to push through challenges, regardless of their professional background.
Ask a founder what they'd do on a Monday morning after they've made a billion dollars and fulfilled all their fantasies. This thought experiment strips away financial incentives and reveals their core drive. An inability to answer suggests they haven't thought beyond the exit.
The simple question "What motivates you?" can be a powerful filter. A Forterra leader was once told by a banking vice chairman that being motivated by "team mission" over money would make for a difficult finance career. This advice proved correct and became his favorite question to uncover a candidate's core intrinsic drivers.
To win allocations, VCs should move beyond product and market discussions to a deeply personal conversation about what irrationally drives a founder. Most VCs don't ask about this, and exploring these core motivations builds a unique relationship that secures a spot in the round.
Instead of generic interview questions, ask what truly motivates a candidate and what they'd do for a hobby if money weren't an issue. The way they describe these passions reveals their energy, personality, and core drivers far more effectively than rehearsed answers about work experience.
A founder deep in the idea maze can articulate not just their current path, but also the alternatives they considered and why they were rejected. This demonstrates a profound understanding of their domain and problem space.
To truly understand a founder, Katelin Holloway bypasses typical pitch questions. She engaged one founder in a conversation about wormholes and the time-space continuum. This abstract dialogue revealed how his brain worked and his core values, giving her conviction in him as a person, not just his idea.
The most driven entrepreneurs are often fueled by foundational traumas. Understanding a founder's past struggles—losing family wealth or social slights—provides deep insight into their intensity, work ethic, and resilience. It's a powerful, empathetic tool for diligence beyond the balance sheet.