4 ms·
I think if I were investing a few million into something, I might ask "what's the battery life?" or "Can I try it on my hand?" before coughing up the cash. But
by edent 3y ago
I think if I were investing a few million into something, I might ask "what's the battery life?" or "Can I try it on my hand?" before coughing up the cash.
But then, I'm not a VC. I guess they go off vibes?
- MobiusHorizons 3y agoThose questions probably get asked, but long before any real product exists, so the answer is optimistic or just plain imaginary. By the time the real product exists, a lot of money has been spent and there is a lot of pressure to drum up hype for a product that probably doesn’t deliver.
- Workaccount2 3y agoYou'd think if you were contemplating a $10m investment in a promise-the-world startup, you'd spend the $20k to get an expert analysis of the project.
- whymauri 3y agoYou'd think, but VCs are lemmings and the moment you convince one to invest a clock starts ticking that makes thorough diligence difficult for everyone else. Get one person to fall for 'just trust me bro' and the hype train follows.
- mitthrowaway2 3y ago"It's an MVP! We're just establishing product-market fit; then we'll sort out the engineering details using the money we raised."