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> At the seed stage, there are companies who have been around for 5 months and others for 5 years. And what is the reasoning behind considering the former as b
by _pmf_ 10y ago
> At the seed stage, there are companies who have been around for 5 months and others for 5 years.
And what is the reasoning behind considering the former as better than the latter? The latter most likely has a more mature product with less technical debt and has shown that it can shoulder its operational costs for 5 years. The former has "speed" ... great.
> Demonstrate that you can pull the trigger on things quickly — whether it be getting customers, hiring / firing employees, or product development.
Quick turnaround is first and foremost an indicator of something wrong, not something right.
- jasonshen 10y agoSpeed is the denominator that any progress or success is measured against. More progress in less time is a better thing. Another way of thinking about it is: what company would you rather invest in, one that hit $1M in annual revenues in 1 year, or one that hit $1M in annual revenues in 5 years? The former implies there's a lot more opportunity still to come, the latter suggests a small market, a mediocre product, or a team that isn't good at selling.