Paik: Excess venture capital subsidizes businesses unfit for VC
Chris Paik · Chris Paik: How I Raised $400M; Substack's Broken Business Model; Music on TikTok vs IG | E1011 · 20VC with Harry Stebbings · May 9, 2023 · at 1:07:38
Chris Paik, General Partner at Pace Capital, discusses how market dynamics have expanded venture capital into traditional non-VC business models.
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“With the glut of venture capital and dollars chasing returns, I think that venture capital Perhaps intentionally, maybe unintentionally subsidizes business building of companies that should never have been venture capital targets.”
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