- I have to be bullish on the niche itself, be it stage, geo, industry or vertical.
> Industries = large, fragmented, underinnovated but ripe for disruption, where tech can act as a sustainable growth lever.
> Relatively quick turnaround / clear exit strategy: availability of capital (decent amount of VCs within my network whom I could see they'd invest on the niche; or PEs where they could eventually acquire, or venture debt that could be strategic upon growth stage).
- Studio founder has to have a tremendous track record for their chosen niche.
- Founder and team should have countless ideas, talent, and partnerships in their pipeline where capital is the only bottleneck.