3 ms·
This seems to assume that the only reason to start a product company is because you want to gamble on the slim chance that you'll get rich. But what about start
by mwcampbell 3y ago
This seems to assume that the only reason to start a product company is because you want to gamble on the slim chance that you'll get rich. But what about starting a product company because there's a problem you believe really ought to be solved, and developing a commercial product is the best way to solve it? In that case, wouldn't it be prudent to avoid unnecessary risk?
- tptacek 3y agoYou'll still most likely fail! This is a really important part of why the VC math works the way it does. You can de-risk a product company by not trying to shoot for the moon, but it's an incremental derisking.