There are a few crown makers in the current start-up world who have honed the art of finding startups with an industry-defining idea at their seed stage and nurturing it to realise a product market fit. But needless to mention, even in their shining armours, there are a few clicks to spot. This only explains why business is an art and not a science. While gaps in the market, consumer behaviour, technology adoption or, for that matter, a blueprint of the strategy today can be readily developed, the challenge is to get the process on the field. I would refrain from taking names, but even the biggest VC and PE out there have had their share of mistakes and have been highly humble in accepting them. What is of greater concern, however, is that most of the analysis of a bad investment can only be made post-ante. This implies that the investors carried out the same processes yet landed at two contrasting star-ups. Oversight, one of the most cited criteria for the failure of venture capital i...