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I'm surprised at the negativity around this article. Chris Dixon is a pretty successful investor, and well connected in the valley. All he's saying is you need
by jmtulloss 14y ago
I'm surprised at the negativity around this article. Chris Dixon is a pretty successful investor, and well connected in the valley. All he's saying is you need a lot more users now if you make money off of ads and if you want to raise a large series A.
- waterlesscloud 14y agoIt's also in his interest to raise the bar.
- loceng 14y agoIndeed, something I thought too. If they know they can make a higher minimum requirement, or that those exist out there, I am sure they would prefer putting their investment money in those areas. They are potentially bigger markets, and potentially a more successful company. At 10 million users though, even just throwing up some basic ads you can likely make enough money to cover your burn rate..
- richardjordan 14y agoNot really. Investors need deal flow. If he thought 1MM users was enough he'd be broadcasting that so that services with 1MM users approached him with a pitch. The fact he says 10MM means 1-9MM user startups will skip him. Not a successful VC recipe if you don't believe what you're saying.