5 ms·
Having been through the VC system, I don't believe his face value statement, and I 100% believe you're right. They want to invest, but not at his terms that he
by irjustin 1y ago
Having been through the VC system, I don't believe his face value statement, and I 100% believe you're right.
They want to invest, but not at his terms that he's demanding.
The thought experiment is - he wants to raise 1m @ 2m val. 50%. There's not a VC/angel/seed who wouldn't take that deal given who he is. So he's pricing himself at a level he "is willing to do this startup thing again" and it's simply too expensive.
- oofbey 1y agoYou assume VCs are rational. They try to be. But they’re not.
- graycat 1y agoA guess: Smart VCs know that they are not smart enough to evaluate a business from a plan or a founder' background and instead wait for the revenue growing explosively.
- ljlolel 1y agoA smart VC knows they have 0% chance of getting into that round (even the top VC maybe 1/3 chance) much less leading it by then, and only chance is getting into it when it’s still contrarian.