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This is a classic investor fallacy
Startups don’t ever die because they raised a full round at $20M valuation
They die because the product sucks or the market doesn’t care
Obviously
Startups don’t ever die because they raised a full round at $20M valuation
They die because the product sucks or the market doesn’t care
Obviously
Our top YC investments were Coinbase and Instacart and they are worth more than $10B combined
Both seed investments were well north of $10M post.
Venture returns are power law. If you wonder at all if something is worth $X, you don’t have conviction and you should not invest.
Both seed investments were well north of $10M post.
Venture returns are power law. If you wonder at all if something is worth $X, you don’t have conviction and you should not invest.
Only invest when it is a HELL YEAH. Otherwise it is a no.
If you are “maybe, only if I get a good deal” you should probably walk. This is not that kind of business.
If you are “maybe, only if I get a good deal” you should probably walk. This is not that kind of business.
Founders who are bad just waste all the money
Great founders turn the extra money into even more growth and value
The bar goes up for founders who raise more but these things are power law startups, not book reports where everyone gets B’s
Great founders turn the extra money into even more growth and value
The bar goes up for founders who raise more but these things are power law startups, not book reports where everyone gets B’s
Investors, do not invest at $20M cap, nobody is forcing you to do anything
Founders shouldn’t raise larger rounds at all if they don’t think they can turn that money into a lot more money
Investment is a promise to investors of a multiple of value back, full stop
Founders shouldn’t raise larger rounds at all if they don’t think they can turn that money into a lot more money
Investment is a promise to investors of a multiple of value back, full stop
