5 things I love to see in independent sponsors as an investor at Minds Capital:
1. Niche experience (expertise, knowledge, network, perspective, thesis, excellent sponsor-target fit)
2. Skin in the game (money invested is even better than PG)
3. Reflective, not sales-y (manages the conflict between diligencing and selling)
4. Gravitas (switched-on, in command, conviction, affable, resourceful, strong sense of direction, integrity)
5. Strong references (introduced by someone, strong list of investors, top-notch credentials, etc.)
