updated 9mo ago
Your startup idea probably isn’t venture-scale
- In order to achieve a venture-scale outcome, they would need a $1 billion valuation. If we assume a 10x revenue multiple, they need $100 million in revenue. $2.64 million is a good start, but far from reaching their expectations.
from Substack Rhymes With Medium by Adam Keesling
sari added
- The only reason you need venture capital is if (a) the technology is too expensive and you cannot self-fund it or (b) your product is going to catch fire too quickly. If done correctly, crossing the chasm should be inexpensive. Strive for cash-flow-positive and aim to change the value state of your company to attract investors and avoid constant fu... See more
from Geoffrey Moore on finding your beachhead, crossing the chasm, and dominating a market by Lenny Rachitsky
Britt Gage added