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In my experience, for an early startup, all this careful analysis goes out the window as soon as you have two or more VCs interested in your deal and competing
by TechBro8615 6y ago
In my experience, for an early startup, all this careful analysis goes out the window as soon as you have two or more VCs interested in your deal and competing with each other. At that point it becomes little more than an auction and you realize that it’s just gambling with post-facto justification. Nobody knows what they’re doing.
- redis_mlc 6y agoAnother phrase that describes that VC behavior is "herd mindset." Loved watching the VC implosions over funding "green tech" and "social media" startups. During "green tech" I remember thinking, "it'll take 20 years just to invent the science for this field, let alone productize it." Yup. Love driving by the Solyndra buildings, now an office for Seagate. https://www.mercurynews.com/2013/03/01/seagate-plans-180-million-research-complex-at-former-solyndra-site-in-fremont/ https://www.mercurynews.com/2013/03/01/seagate-plans-180-mil...
- switch11 6y agoso true