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Agreed. But more specifically, how can VCs be more discriminating and also not make getting money harder? There was another thread today about an interview wit
by m-j-fox 9y ago
Agreed. But more specifically, how can VCs be more discriminating and also not make getting money harder?
There was another thread today about an interview with some rockstar VC and his wisdom was: invest in ideas that sound stupid, but turn out not to be. I mean, here I've been trying to not sound stupid in front of investors and it's been holding me back.
- arielm 9y agoI think that’s a terrible oversimplification... I think requiring a more thought out business plan (ie. one that includes steps to turn profit within some timeframe). Some investors I’ve met do this and do it well, while still investing in ideas that may not seem all there upfront.
- andrewflnr 9y agoI'm guessing it's a matter of making it harder for some and easier for others, in a way that makes the "total difficulty" stay the same.