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When startups are exploring new spaces, there are always challenged with basic fundamentals. There's just too many uncertainties and unknown unknowns to nail do
by zeroxfe 6y ago
When startups are exploring new spaces, there are always challenged with basic fundamentals. There's just too many uncertainties and unknown unknowns to nail down even remotely concrete projections. So VCs resort to other metrics (partnerships, engagement, team makeup, and most importantly growth) as heuristics for future value.
If you look at Tesla, Facebook, Google, etc. none of them had great fundamentals at startup. Facebook and Tesla didn't even have great fundamentals when they went public.
- logifail 6y ago> When startups are exploring new spaces [..] Sorry, but who (with a straight face) can claim WeWork was genuinely "exploring a new space"? Regus has been offering temporary office space since 1989 (when Adam Neumann was aged 10?). Oh, there was never a DJ nor free beer at Regus. I'm sure that makes all the difference, though.
- listenallyall 6y agoWith all due respect, marketing does matter. Do you personally know a single person under 35 years who leased a Regus office? Lawyers excluded. It's like Buick.