Hyatt: Treating venture capital as a packaging industry is a losing strategy
Nabeel Hyatt · Nabeel Hyatt, GP @ Spark Capital: To Win in AI, Investors Need to Change Their Approach | E1255 · 20VC with Harry Stebbings · Feb 3, 2025 · at 9:08
Nabeel Hyatt is a General Partner at Spark Capital. He is responding to Jason Lemkin's analogy that venture capital is essentially a packaging industry that packages startup metrics for the next investor.
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“I hate that analogy deeply. Well, I to a certain extent- I understand it. I don't think it's good for startups and I don't think it's good for founders. And I also, maybe more importantly than just some kind of value judgment, I think it's a losing strategy when no one knows what's about to be hot in nine months without being very, very deep in the work.”
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