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Prominent Australian founder, entrepreneur and investor Mick Luibinskas says there are three crucial questions he always asks a founder, whether he’s looking to mentor them or invest in them.

In an AMA session run by Blackbird Ventures, the muru-D entrepreneur-in-residence says he has a series of questions to test a founder’s commitment and purpose.

“I want to quit what I’m doing now and come join you for 10 years – should I?” Luibinskas says.

He then offers to buy the business right there for $5 million.

Image: http://www.startupsmart.com.au