4 ms·
I spent some time understanding early stage VC back in 2022/2023. My anecdotal experience is that there is a lot of hesitance by most funding sources to go afte
by lumost 2y ago
I spent some time understanding early stage VC back in 2022/2023. My anecdotal experience is that there is a lot of hesitance by most funding sources to go after bigger problems. You tend to get a lot of advice along the way to focus on a tiny problem. Occasionally with advice pointing to a small success which reached 10k/month as a SaaS.
Generally, I see limited value in such pitches outside of lifestyle businesses - tech is simply too expensive to build at those Tams.
Likely I was to close to the YC ecosystem when I had my exploration - none of the people I talked to would have written a 5 million dollar seed check.