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Professional, independent observers think otherwise. VCs will not do a series A investment in a company unless they believe it has the potential to be really b
by pg 16y ago
Professional, independent observers think otherwise. VCs will not do a series A investment in a company unless they believe it has the potential to be really big. So far over 20 YC-funded companies have done series A rounds, and more surely will.
- blintson 16y agoI think that's as close to "fuck off Arrington" as pg's gonna get.
- RBerenguel 16y agoWell, you already said it. I subscribe ;)
- frossie 16y agoI think the expression you are looking for is "the proof is in the pudding".
- InclinedPlane 16y agoVCs are in it to make money, not just to help people realize their ambitions. For them it's better to push companies towards the explosive growth path, because it means a better payday for them. And in a place like silicon valley where promising startups staffed by the best engineers in the world rain from the sky like manna this sort of strategy is eminently feasible. However, it's not necessarily the best strategy for the average startup, which may find itself destroyed as grist for the VC money mill. Fortunately, there's a place for both "next big thing" companies as well as "next little thing" companies. And there's nothing wrong with doing bread-and-butter business helping entrepreneurs realize their dreams even if it doesn't result in gigadollars and news coverage on CNN.
- dillydally 16y agoDoesn't that support pg's argument vs. Arrington's?
- InclinedPlane 16y agoYes. It also provides some context to the conversation. If only the companies most likely to become giga-corporations ever received investment capital how many opportunities would be passed up? More so, would a world populated mostly by gigacorps be a world you would want to live in?