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Yeah, but once you start quantifying making a huge company — what is "huge": 10M, 50M, 100M, 1B? I think this number varies a lot by founder. I think you're t
by tedmiston 10y ago
Yeah, but once you start quantifying making a huge company — what is "huge": 10M, 50M, 100M, 1B? I think this number varies a lot by founder.
I think you're totally on point about that what venture money was created for decades ago... but, is that how it is being deployed today? Particularly, I'm thinking of Vinod Khosla's thoughts when he criticized VCs for acting like investors in a company like Dollar Shave Club [0].
[0]: http://www.latimes.com/business/la-fi-tn-vc-funding-20160409-story.html http://www.latimes.com/business/la-fi-tn-vc-funding-20160409...
- AndrewKemendo 10y agoI don't think there is any one box that fits "huge." The way I answer it is if you can say yes to the question "Has this new product/service overwhelmingly changed how people do X?" Still pretty variable.