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It's also in his interest to raise the bar.
by waterlesscloud 14y ago
It'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.