Claure: Entry valuation is irrelevant for companies targeting massive addressable markets
Marcelo Claure · 20VC: 13 of the Great Investing Minds on When to Pay Up vs When To Remain Disciplined and Walk Because the Price is too High: The Ultimate Guide to Price Sensitivity · Aug 12, 2022 · at 3:12
Marcello Claure, former SoftBank CEO and head of Claure Capital, outlines his core investing framework on when venture investors can ignore price sensitivity.
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“The key is to determine in advance if it's a company where price matters or it doesn't. For some companies with an immense opportunity, think of Alibaba, think of Facebook, think of Google, think of Amazon, whatever. It was worth coming in at almost any price because the market was so large, because the size of the pie is so large, That it really doesn't matter what you're paying at the beginning.”
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