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If life were only so simple, now it seems VCs are pushing founders to make the following bet: .1% chance of $5B+ and 99.9% chance of failure. In short, lots of
by jgalt212 11y ago
If life were only so simple, now it seems VCs are pushing founders to make the following bet: .1% chance of $5B+ and 99.9% chance of failure.
In short, lots of potential $100MM companies are being done in by VC greed.
This is only one data point, but I know an entrepreneur who was turned down by a blue chip VC because the VC said he saw a clear path for the biz to $100MM, but the path above that level was much murkier.