Would be curious to know how he actually evaluates determination when analyzing startups. How can you tell?
It's hard; that's our biggest problem. It's straightforward to tell in a 10 minute conversation how smart someone is, but very hard to tell how determined they are. When we pick wrong it's almost always by misjudging determination.
Any component of your formula could be very large/small resulting in large values of Determination.
Anecdotal evidence suggests that burn-out and flip-out become more problematic; also in some proportion to both wilfulness, ambition and the difficulty of the challenges.