The most important venture question is what became possible recently
Joe Lonsdale · Joe Lonsdale – Entrepreneurship and 8VC (First Meeting, EP.09) · Sep 30, 2019 · at 28:09
Joe Lonsdale, founding partner of 8VC, describes the core investment heuristic for timing venture bets around emerging technology shifts.
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“I think the most important question in venture capital is what's possible now that wasn't possible five years ago, right? Because if you want to invest in ride sharing, we did before the mobile phone. It doesn't make sense. If you did it now, you're like, 1213 years too late, so you had to have done it within a few year window to really make a lot of money on it”
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