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VCs tend to have an easier time funding already-validated ideas: having an established competitor, or seeing other VCs fund similar companies. It's lazy, but th
by sangnoir 5y ago
VCs tend to have an easier time funding already-validated ideas: having an established competitor, or seeing other VCs fund similar companies. It's lazy, but they can afford to be lazy - if they miss their chance on your revolutionary tech and you somehow succeed, they'll fund the next startup that copies you.
The other day I saw a commenter who worked at a wind power startup that failed to get subsequent funding because Alphabet shutdown Makani, and their take away was the idea no longer seemed viable.