> When you start a startup, you get pushed off the side of a cliff with a bag of aerospace parts.
Here's a pain point for someone to solve: why the fuck does the VC process necessitate pushing unequipped people off cliffs?
Here's a pain point for someone to solve: why the fuck does the VC process necessitate pushing unequipped people off cliffs?
They're tending to fund profitable B2B companies with $5-40m in annual revenue and explicitly state that they're content with the option of 3-5X returns (while still hoping for more).
they bought Filestack (formerly Fileppicker), Chargify and a few more
Lew wrote about basically the same thing as sama earlier this month: https://medium.com/@lewmoorman/not-venture-scale-get-over-it...
Most of them are looking to do just a few deals a year.