Startup Advice
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Startup Advice
A simple rule of thumb for what makes an idea venture-scale is having a path to $100 million a year in revenue and hitting $1 billion+ valuation , in 10 years . Essentially, can you get big, fast? This is what VCs need to invest in in order to make their fund economics work. Very few ideas can hit this scale, and it’s important that you recognize... See more
Lenny Rachitsky • Your startup idea probably isn’t venture-scale
The result of this garage-centered approach to entrepreneurship was a business paradigm that looks liked this:
In the above model, notice how the product is at the center of the company, and all the work and effort of building the actual business is focused on marketing the product.
In the above model, notice how the product is at the center of the company, and all the work and effort of building the actual business is focused on marketing the product.
Aaron Dinin • The “Garage Startup” Is Officially Dead
How to Write a Value Proposition
