Private Airbnb email on how a VC missed out on a unicorn
The mistake is thinking your startup idea is venture-scale and getting on the VC treadmill. Once you’re on the treadmill, here’s what changes:
- High growth expectations: VCs are looking for companies that grow big enough fast enough. If your business isn’t suited to this kind of rapid growth, it can lead to undue pressure and unrealistic expectation
Lenny Rachitsky • Your startup idea probably isn’t venture-scale
Reflecting on My Failure to Build a Billion-Dollar Company
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