Three qualities matter when building ortho companies: intense curiosity and admitting what you don't know, flexibility to pivot as you learn, and getting the timing right. The speaker references Tiger's recent success as proof that timing can make or break an ortho venture.
Chapters
are probably 3 main things. I really want to see a team that is intensely curious, that admits that they don't have all the answers, but they know what they're— they know what they're targeting. They framed it. They know what they want to potentially solve, but they know that there are a bunch of open questions along the way that they want to get to, and they'll figure out how to navigate there. Now, what I like about that is, is because it's not really intuitive, but there might be pivots and little answers in there that they are open to adapting to. Are they chasing a product or a market, or have they figured out the market timing dynamic? Tiger, you really nailed this last week. There are a lot of great markets opportunity. Opportunities out there, but there— it may not be the right time for whatever reason. So I'm really looking for good alignment around the market timing factors.