3 ms·
Suppose this is why the "Why now?" question keeps getting more important to VCs. Imagine a few decades from now, when practically every type of software startu
by solve 11y ago
Suppose this is why the "Why now?" question keeps getting more important to VCs.
Imagine a few decades from now, when practically every type of software startup will have been already been tried 100+ times. Maybe the increasing focus on startup "team quality" that's already happening will be a big part of the answer to that question.
- timr 11y agoI think the early players in the space probably have/had a good argument for that question -- if you're Denver Mattress in 1998, or Keetsa in 2008, you could (perhaps) plausibly claim that the fundamentals of the market had shifted, and make a convincing speculative argument that you could take over a largish industry. But the rise of five new mattress startups in the last few years? That's just sloppy, herd behavior. Investors are piling into whatever sector seems hot, without doing even the most cursory analysis of the existing players. Why should the 7th startup in this vertical be seen as compelling? Is it because they have bike messengers?