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How do you define "beat" here? It seems you're advocating for not playing the game at all so there's nothing to beat.
by gtirloni 3y ago
How do you define "beat" here? It seems you're advocating for not playing the game at all so there's nothing to beat.
- tqi 3y agoFair point, by "beat" I mean create a sustainable business. I think that in a lot of cases orienting a company around building a $100M/yr business and a $1B/yr business are mutually exclusive, because product/sales/marketing teams invariably are incentivized to focus only on the high upside speculative future stuff rather than shoring up the existing business lines. So agreed, you're not really beating them at becoming the "Uber for X", you're just building a business that is in the X space?
- ignoramous 3y agoThe implication is that the go big or go home pretenders may crash while you remain in the game.
- bdcravens 3y agoSurvive and prosper at the scale that makes sense for your business, rather than VC scale.
- tqi 3y agoYeah to expand on that a bit, I think VCs have a portfolio of bets and need extreme, outlier wins in order to come out ahead. So even if the scale doesn't make sense for a business, VCs will push them to pursue it because it is optimal for the VC.