Financial modeling for seed startups is a complete waste of time
Micah Rosenbloom · 20VC: Why Founders Should Not Focus On Top Line Valuation, Why Capital Efficiency Is Key To Returns And Investment Success & Why Despite Popular Thought, $100m Is An Exciting Exit For VC with Micah Rosenbloom, Managing Partner @ Founder Collective · Feb 15, 2017 · at 13:24
Micah Rosenbloom is Managing Partner at seed venture firm Founder Collective. He explains why quantitative financial modeling is ineffective when evaluating seed-stage investment opportunities.
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“There's no model. We're not building discounted flat cash flows or weighted average cost models or black shoals. We're just not doing that stuff. There's not enough data to do it. You'd waste your time.”
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