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Nice explanation. It might be worth it for the VC to wait and see, then overpay, because 1 or 2 months could be a significant percentage of a young companies'
by patrickk 13y ago
Nice explanation.
It might be worth it for the VC to wait and see, then overpay, because 1 or 2 months could be a significant percentage of a young companies' total life. They are overpaying for the extra data points and insight, in effect.
- wellboy 13y agoThanks and good point and I think that's where new Angels or other investors without any track record or network can get the good deals. By finding founders whose startups are just about to take off, even better with the founders not knowing it yet. :)
- beat 13y agoWhich leads to a problem pg has pointed out elsewhere... VCs dragging their feet on potential investments, waiting for more data. This steals bandwidth from the founders that could be used to build the company.