There’s no shame in a $100M startup

We live in a world where you feel shit as a start up founder unless you are building a billion dollar company 🦄🦄🦄🦄🦄

This is probablistically nuts as a micro fraction of 1 percent ever make it

(Of course you would never think that reading TechCrunch everyday).

It’s in part a narrative problem driven by VC’s with huge fund sizes. In short:

  1. Vc is a ‘power law’ business, where only 1 or 2 deals in 20+ ‘return’ the fund. The rest don’t matter.
  2. If you have a large fund, you need these deals that exit to be large ie billion dollar plus.

Ie

I have a 500m fund. I will have, say, 10 percent of a company at the end. I need 1 company to be worth 5 billion just to make my money back.

This article is very good at diving deeper…

So, swing for the fences, be hungry and ambitious as fuck, but be a good human and happy with the ‘downside' 😊

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