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I think the article more useful to VCs than to founders. Good VCs worry about being pitched on the next Apple/Microsoft/Facebook/Google and passing on it becau
by bjt 12y ago
I think the article more useful to VCs than to founders.
Good VCs worry about being pitched on the next Apple/Microsoft/Facebook/Google and passing on it because of their own prejudices or lack of vision. I see the article as an effort to consciously counter those prejudices.
But VCs have the luxury of being able to invest in a lot of companies. When you have that luxury, you can afford to say "let's let a few lame ideas in because they could grow huge".
You're right that potential founders don't have that luxury. Sinking 5-10 years of your life into a lame idea is overwhelmingly likely to have little payoff for the founder.
- digi_owl 12y agohttps://www.youtube.com/watch?v=KZazEM8cgt0 https://www.youtube.com/watch?v=KZazEM8cgt0
- mgkimsal 12y ago> "let's let a few lame ideas in because they could grow huge"." Which seems to be the strategy used by most VCs anyway. The primary difference is that may not (at the time) see some of those companies/ideas as 'lame' themselves. But "invest in a large number because X will fail and we need one homerun" seems to be the prevailing MO.