The biggest one is made-up ideas. The best startups come from personal experience. It was something you or someone you know needed. Occasionally, I’ll ask a company, “Why do you think is a good idea?” And they’ll say, “Oh, I read an article in TechCrunch.” You have to understand it at a deep level. It can’t just be something you read.
I also like people who get things done. If you’ve been working on your startup for two years and have nothing to show, that’s a pretty bad sign. I’ve discovered that most people are really good at finding obstacles. I don’t fund these people (source/a recommended interview to read)
This is true for 90% of Indian tech entrepreneurs who have launched a startup just because somebody else was getting funded in that space. Classic example being Foodtech / mobeel apps and now, AI and ML.
What was a perl script few years back has now turned into a 'AI' algorithm. There is quite a bit of 'herd mentality' in entrepreneurs too - it's a vicious loop between entrepreneurs and investors.
By the way, if you don't know - Paul created Gmail and is the man behind Google's 'Don't be Evil' mantra. He has invested in more than 200+ startups.