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When I hear pitches by startups, I always despise the TAM slide. I'm more interested in markets that are too new to calculate. I worry that VCs who ask what th
by joshu 16y ago
When I hear pitches by startups, I always despise the TAM slide. I'm more interested in markets that are too new to calculate.
I worry that VCs who ask what the size of the market is are looking for evidence where there isn't any.
- ecachette 16y ago"Start-ups CREATE markets" - Kai Huang
- tjmaxal 16y agoNeed is infinite. All markets already exist and successful start ups just create products and services that capitalize on novel approaches to old problems. There are no blue oceans.
- nivertech 16y agoIf you idea stage startup - don't put numbers on your slides! VCs are better in numbers, than you. Speak in narratives, not numbers.