Chalfen: The Foundry produced 35-40% profit margins for 10 years capital-free
Mike Chalfen · Mike Chalfen: How to Build Anti-Fragile Venture Portfolios Today | 20VC #904 · 20VC with Harry Stebbings · Jul 8, 2022 · at 52:49
Mike Chalfen is a solo GP at Chalfen Ventures discussing business models that achieve high capital efficiency without requiring hyper-growth funding.
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“So, you know, an example is a winner for me from. 1112 years ago called the foundry, which was making the 35 or 40% margins when it was really not very big. And it didn't grow that fast, but it produced a 40% margin, 35, 40% margins for 10 years, growing at, you know, growing at 30, 40% a year, requiring no capital.”
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