4 ms·
Good post. I feel like a lot of VCs like to have competing startups in their war chest. I am now constantly seeing well funded companies emerge within months of
by whistlerbrk 12y ago
Good post. I feel like a lot of VCs like to have competing startups in their war chest. I am now constantly seeing well funded companies emerge within months of each other when there was no technical reason they couldn't exist years before. It's not like some 3rd party invented some game changing low level tech, a bunch of people independently had a critical insight on how to apply it, and also all decided to leverage it independently.
It is simply, "my competitor invested in X, I didn't get into the deal (or couldn't on my terms), I'm going to find something similar to X and invest in them or just launch it within my own network and fund it".