Kevin Weil: Scribble rejects investments requiring stacked assumptions for 100x outcome
Kevin Weil · Kevin Weil: Lessons from Leading Product at Instagram & Twitter | 20VC #934 · 20VC with Harry Stebbings · Oct 7, 2022 · at 40:50
Kevin Weil is Partner at Scribble Ventures, a pre-seed and seed investment firm, and former Head of Product at Twitter and Instagram.
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“So our litmus test is what do you have to believe for this company to be a hundred X their current size or current valuation? And if in the, if it's sort of like, well, you have to believe that this thing, this one thing goes really well, then you can build a good story around it. If instead you're like, well, this has to work. And then at the same time, this market has to open up over here. And then if this competitor doesn't do that, like, When you start stacking beliefs, that's when we start getting a little nervous when five things have to all work. But if it's really like there's this one core thing, and then you can see a real path to being a hundred X, that's kind of what we look at.”
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