1:05:30Elad Gil explains how he evaluates early-stage startups, prioritizing market size and growth, paying customers, timing, defensibility, and founder qualities. He shares mistakes including passing on Lyft and over-weighting team signals, then outlines practical ways investors can help companies through hiring, fundraising, customer access, and founder support. Pejman Nozad recounts his path from selling Persian carpets to investing, emphasizing relationship-building, persistence, and learning from missed opportunities such as Facebook. Together, they discuss how investors find deal flow, assess uncertain markets, support founders, and handle co-founder conflict.