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Don't you think it depends on the existing players' cash horde after an IPO? I am very interested to hear a successful VC's response to "I want to go against Ub
by nipponese 6y ago
Don't you think it depends on the existing players' cash horde after an IPO? I am very interested to hear a successful VC's response to "I want to go against Uber, DD, and GrubHub. Money plz!"
- JMTQp8lwXL 6y agoThere's far too much cash sloshing around, lots of malinvestment since too many dollars are looking for returns. You worry about the entrepreneur who asks the Venture Capitalist, and their MO is 'take on <DoorDash/etc>'. Instead of worrying about our hypothetical entrepreneur with a lousy funding rationale, I worry about the structure of the market proving it's 100% inevitable someone will try and undercut them, by virtue of the magnitude of malinvestment present today.