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Sustainable business is a very poor choice of words for a VC to use in this context. Your investment doctrine might require companies to pursue 10X growth or di
by dalbasal 8y ago
Sustainable business is a very poor choice of words for a VC to use in this context. Your investment doctrine might require companies to pursue 10X growth or die trying, but... that means your investment model is not about sustainability (of the businesses you invest in). The businesses could be perfectly sustainable.
A startup is not necessarily guided by sustainability. Amazon lost money for decades. FB never bothered to make money until their IPO. They were not pursuing sustainability at those points. They were betting on growth.
- ConceptJunkie 8y agoAnd Cheers was near the bottom of the ratings its first season. Today low ratings gets you canceled after 6 episodes or fewer. Good things often take a while to take root. VCs aren't interested in that noise.