Saved by Tom White
This Time is Different
They search for the deal with the 10X or 100X results that will compensate for the failures.
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
the job for founders stays the same. The goal as ever is to use risk capital to test a hypothesis, turn over a card(s), and unlock something novel and important on the other side.
Superhuman
This is never how it actually happens, but you get the idea. Startups should receive risk capital to literally derisk certain aspects of the business.
However, over the last decade or so, something shifted. Traditional venture funds that specialized in early-stage risk started to add buckets of “growth equity” that were supposed to be utilized for ... See more
However, over the last decade or so, something shifted. Traditional venture funds that specialized in early-stage risk started to add buckets of “growth equity” that were supposed to be utilized for ... See more