Paul Graham spills: Why some companies get his cash and others don't
<i>Knowing the business. If we ask a bunch of questions and they have the answers at their fingertips because they understand the domain really well, that's a good sign.</i><p>An old boss of mine is a design judge for a student engineering competition. Often times he will ask a team for a specific piece of information about their project, only to have the team pull out a giant binder and start shuffling through looking for the answer. At this point he tells them "If I ask you to tell me your girlfriends phone number and you pull out your phone book and start searching for it, you're probably not in love"<p>I think the same sentiment applies here