4 ms·
Boom's pitch did not rely on a quick exit, it was much more along the lines of "This will take a very long time to come to fruition. We're up-front about that.
by lacker 6y ago
Boom's pitch did not rely on a quick exit, it was much more along the lines of "This will take a very long time to come to fruition. We're up-front about that. But, it has the potential to be billions of dollars, if you can be patient." VCs are often more interested in that than the quick flip....
- usrusr 6y agoVC can also be interested in a company as a quick flip opportunity when the pitch never mentions that possibility. Particularly early stage investors who buy in low enough to still win if the eventual exit is considerably below a meanwhile heavily inflated nominal valuation.