Shaan Puri: Campus Marketplaces Are Too Small for Venture Capital
Shaan Puri · University of Michigan Students Pitch Us Their Startups | $5000 Prize Money (#396) · Dec 16, 2022 · at 57:23
During a student pitch competition, Shaan Puri explains why he would pass on investing in DealDog, a peer-to-peer campus marketplace startup.
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“I wouldn't personally invest in this because I don't think it can be that big. You would have to basically take a Facebook path where you would say, we're going to go get every college. We're going to dominate that college. It's going to be like the way that you transact in a trusted environment. And then you say, okay, but it's not just colleges. Now we're going to do neighborhoods because we can send postcards out and verify that you live at the address like next door does. And we're going to, you know, you'd have to really believe that like two or three more miracles are going to happen for this to be big.”
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