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Many people assume the world’s best venture capitalists succeed because they have extraordinary instincts.

Our technology expert Luke Lango believes they succeed because they ask the same disciplined questions every time.

In today’s Friday Digest takeover, Luke shares the three-part framework he uses to evaluate private companies before they ever reach Wall Street. He explains why exceptional founders matter more than flashy résumés, why solving an urgent customer problem beats clever technology, and why timing can make the difference between a good investment and a great one.

Luke also dove deeper into this framework yesterday during his free 2026 AI Megadeal Event. He evaluated one private AI company step by step to show why he believes it stands out from the crowd. You can watch the presentation right here.