Paik: VC is only for companies that cannot exist without it
Chris Paik · Chris Paik: How I Raised $400M; Substack's Broken Business Model; Music on TikTok vs IG | E1011 · 20VC with Harry Stebbings · May 9, 2023 · at 1:10:52
Chris Paik, General Partner at Pace Capital, proposes a boundary rule for which companies genuinely require venture capital funding.
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“I think that is almost certainly like if the company Literally could not exist without venture capital. That probably is the area where venture capital is a suitable, like, spitballing this in real time. That's probably a good criteria to suggest that it is within the realm of venture capital.”
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