Singh: Venture capitalists consistently misunderstand and overestimate true serviceable market sizes
Savneet Singh · Savneet Singh – The Operator/Investor whose Software is Feeding the World (Capital Allocators, EP.220) · Nov 1, 2021 · at 55:43
Savneet Singh, CEO of PAR Technology and partner at CoVenture, shares his pet peeves in investing and business operations.
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“So my greatest investment recipe is historically, I would say everybody misunderstands TAM. When you look at venture capital, everyone's like, Hey, I've got this platform that's going to get real estate investing online. Real estate's a 10 trillion dollar industry, and you raise all this money, and then you realize like, wait, real estate's a 10 trillion dollar investment industry, but the people that want to invest online is like maybe this big, and the people that are credit investors are maybe this big, and the people that want to move money, and they don't do that work on how big is that end market.”
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