Hyatt: Top-down modeling could never have predicted Oculus
Nabeel Hyatt · 20VC: Spark's Nabeel Hyatt on Investing in Oculus and Cruise & What It Takes To Invest Ahead Of The Curve · Jun 8, 2016 · at 9:25
Nabeel Hyatt, Venture Partner at Spark Capital, explains why Spark uses a bottoms-up investment strategy rather than relying on top-down thesis models.
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“But that's not something you could have ever modeled your way into before we made that investment, right? Like, virtual reality was dead, and it'd been dead for, like, 15 years plus until, you know, Brendan and Palmer and Nate walk in and give you a demo, and you suddenly realize that the time for that market is, is now.”
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