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You assume VCs are rational. They try to be. But they’re not.
by oofbey 1y ago
You 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.