Why VC’s are obsessed with large outcomes
Fred Destin

And now you, the entrepreneur, need to look at the M&A stats (in software 40% of exits below $5M, another 40% between $10-$100M) and then you need to look at the mechanics of liquidation preferences and the road kill it produces. After that you need to take a sober look at the real costs to penetrate the market you’re looking to blow up and then you need to to go for a walk and decide whether maybe bootstrapping and having no investors may make more sense.

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