Housel: Excessive VC Capital Broke Good Businesses by Forcing Unnatural Growth
Morgan Housel · Morgan Housel – Same as Ever (EP.359) · Jan 1, 2024 · at 27:59
Author Morgan Housel discusses how artificial acceleration distorts company trajectories with Ted Seides.
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“There were so many businesses in the last decade that were good businesses with a good product that customers loved. And let's say their natural growth rate was 50% per year. Just throwing that out there. But a lot of VCs are like, oh, we're going to give you a billion dollars, but I need you to grow 200% per year. And so many of those businesses just broke. They were exceeding their natural growth rate.”
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