venture capital
also referred to as: vc · vc industry · vcs · venture capital industry
130 statements across 83 episodes · 18 bullish · 45 bearish · 82 people on the record · first statement Aug 14, 2019 by Ajay Hattangdi · across every show →
Everything said about venture capital, oldest first
Aug 14, 2019 bearish
Hattangdi: Startups with unproven, emerging models should not be leveraged with debt
“Sometimes VCs do want to play, ah, in, in, in spaces where they have to explore certain models which are emerging, ah, but there is still some time to go before those models are approved, and, you know, that's not a risk that should be, ah, leveraged, in my op…”
Aug 16, 2019
Reddy: VC effort skews heavily toward struggling founders rather than winners
“The guys who need you the most are the ones who are lagging behind for whatever reason, right? Either they're selling a tough sell or they're not able to raise money. So how's, you're not actually even the mean or the average of all of these. You're actually s…”
Aug 16, 2019 bearish
Aug 19, 2019 neutral
Sep 8, 2019 neutral
Sonpal: VC seed entry does not crowd out angel investors
“While the VCs are obviously interested in coming at an earlier stage, the number of startups is not grossly limited. So angel investors can still, even today find a lot of startups which are at a very early stage and are optimum or ideal for angel invest to co…”
Sep 14, 2019
Singh: Startups should look beyond VC to debt, vendors, and customers
“See, because it's also not right to believe that the only sources of capital are, is venture capital and equity, right? There are many other sources of capital in this world. You know, there's debt, there is your vendors, there are your, you know, your custome…”
Sep 19, 2019 neutral
Singh: Entrepreneurs should grow on their own steam and avoid unnecessary VC
“A lot of times, you know, we meet entrepreneurs where our advice is don't raise VC money. I mean, you have a great business, you have a great idea, you're doing well, actually manage to grow it on your own steam. Go to an investor only when you truly believe t…”
Feb 14, 2020 bearish
Verma: Decacorns relying only on capital as a moat will not endure
“I think there are a lot of crappy companies out there, if you ask me. They just, they all position themselves as decacons and there are no moats in their business other than capital is the competitive advantage. The day that goes away, they're not building a g…”
Feb 19, 2020
Aggarwal: Venture capital feedback loops take 10 years to evaluate skill versus luck
“Unlike a company where you get quarterly feedback on how you are doing in venture investing, especially early stage or scale up investing, the feedback loop is very long. You only get to know after 10 years. Whether you did right or wrong, and sometimes it cou…”
Feb 24, 2020 neutral
Mohapatra: Venture capital kills more startups than it helps survive
“So if you think about hundred companies that get venture funded, I think maybe 10 survive. And I'm speaking anecdotally here, but I think venture capital leads to a lot more startup death than it leads to startup survival, and that is what the model is optimiz…”
Mar 2, 2020
Mar 2, 2020 neutral
Rahul Chandra says VCs are as clueless as anyone else
“When you actually talk to A VC I think the point I wanted to bring out was they are probably as clueless as anybody else. You know, it's not like you know, they have a crystal ball. They're trying to decipher and learn with you and also take you know, a leap i…”
Mar 29, 2020
Gulati: Investors are 10x more driven when deploying personal savings
“I learned very early on when you're putting personal checks and with money that you've really hard earned and it's not coming as a, you know, so-called business entity or something of those lines you're, 10 times more driven to actually make that company work.”
Mar 29, 2020 bearish
Apr 19, 2020 positive
VCs will scrutinize capital needs instead of forcing minimum check sizes
“I think now VCs will ask the question very, hey, listen, what do you really need this money for, right? Okay, here's five million because we can't, earlier it was like, okay, you know, we can't deploy less than three million because that's our minimum check si…”
Apr 19, 2020 bearish
Apr 26, 2020 negative
May 3, 2020 positive
A VC's greatest value add is emotional companionship during difficult situations
“Entrepreneurship is a very lonely journey. And within that, if you can make some friends and you can talk to each other in a very informal fashion so that Any inhibition or difficult situation that the entrepreneur is facing, you're able to talk out as friends…”
May 11, 2020 bullish
May 11, 2020 positive
Gupta: Investors Should Keep Deploying in Downturns Rather Than Withdrawing
“A downturn is not necessarily a crisis. So, if you can hold your conviction and invest, you should do that. It may be harder to invest at the same rate, and it's probably foolish to do that, but I don't think a complete withdrawal is something that I would pur…”
Jun 14, 2020
Jul 19, 2020 neutral
Pai: Breaking into VC mid-career without existing relationships is much harder
“It's very hard for you to kind of get into a VC firm. I mean Without knowing some folks or without having created a brand for yourself especially if you are under, like, you know, late thirties, early forties someone like me who's been incorporated did not hav…”
Aug 3, 2020 negative
Aug 16, 2020 negative
Aug 16, 2020
Aug 16, 2020 negative
Sidana: Most Silicon Valley VC Ignores Technical Roots for Market Insights
“I started engineering capital in 2015 because I noticed that even here in Silicon Valley, most of venture capital is actually focused on market insights or consumer insights. We had drifted away from our original roots, which of course was Silicon Valley.”
Aug 16, 2020 neutral
Sidana: Winning in Venture Capital Resembles Competing for an Olympic Gold
“The analogy that I would make if you think about venture capital is like winning a gold medal at the Olympics. Let's say you want to run a hundred meters, and you're really good, and you come first in your school, and then you come first in your city, and then…”
Aug 16, 2020 bearish
Aug 24, 2020
Rajaram: Returning capital is an order of magnitude harder than investing it
“Giving our money is, is among the, among other things, easier to do because you're giving. Taking back is, is, is an order of magnitude harder, right? And then building A process to give and take, and then making it a cycle is where the core IP sits or the cor…”
Aug 24, 2020 neutral
Aug 30, 2020 positive
Gupta: Venture success requires cutting losers instead of funding weak links
“Second thing I would say also is that the key to success in venture funds is to not throw good money after bad. I mean, if things are not working, we just need to call it a day. And it's doesn't, it's not a reflection on the entrepreneur. It's just a reflectio…”
Sep 28, 2020 neutral
Oct 19, 2020 negative
Mohan: Avoid anyone promising guaranteed angel investment exits
“So nobody, and if somebody tells you that he's going to guarantee you exits, I would tell the investor stay away from them because even a very good VC, very good investor does not know because there are other factors outside the company which help them succeed…”
Nov 9, 2020
Mohan: Early-stage venture skill lies in applying frameworks to heterogeneous founders
“What is interesting about this is you can at best create frameworks,
But when you apply them, it's applied on such heterogeneous data points, right?
You will never find two founders who are the same.
You will never find similar profiles.
You'll never find simi…”
Nov 9, 2020 positive
Mohan: Breakout unicorns require conviction-based investment calls, not firm consensus
“Every big Decacon unicorn today is a regret for the VCs who are not in it, right? And if you've seen some of the best journeys, This comes back to the original point which I made in, in answer to your question as to how's the decision-making adventure highway.…”
Nov 9, 2020 neutral
Mohan: Confirmation bias is the biggest psychological trap in venture capital
“I think the biggest,
Bias, to be very frank with you is confirmation bias, right?
Like, ah, you know, the minute you think you like something about a deal, you're searching and seeking for information which is going to just agree upon the decision which you pe…”
Jan 4, 2021
Feb 1, 2021 neutral
Sakoda argues venture capital's main playbook over twenty years was bundling
“I think the venture capital industry over the course of the last 20 years went from being very small to being very big, and largely speaking, the most conventional playbook in venture has been to bundle. And I think over the last 20 years, many people have tri…”
Apr 19, 2021 bullish
Winning modern VC means backing rocket ships regardless of entry valuation
“So I think the new playbook, in my opinion, where the depth is going to be very crazily deep is just whenever you find a rocket ship, whatever it takes, you get into that boat or you get into that rocket ship and ride it through. And that is what will matter m…”
Apr 19, 2021 negative
Strict VC ownership minimums cause funds to miss out on 100x winners
“And that is why I believe that if you have minimum ownership requirement, and hence you will lose out on a winner because of that, then you are, even at hundred million pre, there is an upside potential of hundred x now, which was, which didn't exist in 10 yea…”
May 31, 2021 negative
Agarwal: VCs avoid risky new ideas to protect their LP returns
“And although it is being said in the general, in the VC industry that they love to take risk and love to put money behind the new ideas, but actually they don't. They all, they need to return money to their own investors, and they would like to take a bet on s…”
Jul 12, 2021 neutral
Mittersain: Bootstrapping via slow profit accumulation is no longer the ideal strategy
“So I think strategies may need to change and just trying to run a profitable business today may not be good enough. If the opportunity to scale and create a massive business exists, it was you have investors who are willing to back you. And therefore I think w…”
Oct 4, 2021 bullish
Acharya: Existing investors doubling down provides the highest quality market signal
“But I think it's the highest quality signal if your existing investors are doubling down or tripling down on the same company. When the typical venture model is to have distribution across investments. And if there are folks on your cap table who want to conce…”
Nov 1, 2021
Venture capital is not a winner-take-all business due to power laws
“See, it's hard, ironically, VC itself is not a winner-take-all business, right, like, You will see funds at every stage and every sector succeed. Because finally the power law game means that, you know, even if one of your companies really, really works, you w…”
Nov 29, 2021
Dec 28, 2021 bearish
Pitti: VC money dried up in travel because funded startups failed to deliver returns
“See, eventually one day for, I can speak for my industry, my travel industry, the money has dried up. The VC money has dried up just because none of the players have successfully delivered the value. To the VCs, to the PEs, to the banks.”
Dec 28, 2021
Jan 10, 2022 negative
Singh: Overpromising growth to VCs forces founders into aggressive, harmful selling
“Even when I raise funding, I'm not, I don't want to offer the moon to the next investor. Hey, you know, we have from here. We can go here. We have just gotten started. This is because once I make that promise, what do I do next night? Next I have to sell, sell…”
Mar 14, 2022 positive
Goel: Early founders should ignore market size and focus on problem depth
“I always advise people that don't worry about the market size. You know, I know every, every VC will say the other way around and they're right. They're not wrong. But I'm saying as an operator, when you're about to build a business, you should worry about how…”
Apr 18, 2022 neutral
Gill: D2C company revenue valuation multiples generally range between 4x and 8x
“I think that is pretty much set by the, you know, it's general in the industry. It could be anywhere between say four to Seven or eight X also, which is then based on how good the unit economics of the business are. Right. What is the potential of growth, righ…”
Apr 18, 2022 neutral
Gill: Private valuations are paper; true value is realized at listing
“I think in a, you know, because these are intermediate valuations, right? These are paper valuations. How much do they matter? I think your ultimate story comes in when you actually get listed, right? In general, I think that's the way to identify or say, for …”
Jun 21, 2022 neutral
Startups outgrow traditional venture capital upon reaching one billion dollars in sales
“The other more important reason that we did it is that we have reached a stage in our company at a billion dollars of sales. You need to now get strategics or you need to get piece because you at one point go out of this whole BC world because of the quantum o…”
Jul 18, 2022
Jul 18, 2022 negative
Venture capital pressure forces founders to chase artificial growth prematurely
“We see expectations put a lot of pressure on that to artificially grow sometimes faster than the business or the customer need can be solved that. And so I think it's not just the founder's fault, frankly, it's investors play a big role in, in distorting that …”
Aug 23, 2022 positive
Sourcewiz's pre-product pitch deck featured a Notion log of 90 interviews
“And actually it helps, like it helped us in our early VC conversations. I had a slide where, and actually one of the VCs had given me this advice. We were pre-product, right? So we had a slide where I literally had a snapshot of that notion with like all of th…”
Aug 23, 2022 negative
Makkar: VCs demanding five-year projections pre-product are unfit for seed stage
“Asking for projections for a pre-product company five years out. It's, yeah, it's, you know, I'm just going to do some art there. And I felt like, you know, that like almost all VCs, like no, 99% of the VCs didn't ask me for it only one or two hours. And I, th…”
Aug 23, 2022 negative
Makkar: VC skills do not translate to early-stage startup operations
“The skills that you learn in VCs are not really applicable to what you will do as an entrepreneur. And that became very clear to me very quickly. It was clear to me when I did consulting because none of what I did as an entrepreneur You know, outside of like, …”
Dec 19, 2022 neutral
Apr 3, 2023 negative
Radhakrishna: Typical MBA VCs Lack Operational Nuance for Investing
“What I would have liked is more people who have run real businesses to be VCs. Because there's a lot of nuances and nitty gritties that, you know, the typical MBA VC doesn't get. And even with 20 company experience, I think, you know, the nuances of running a …”
May 23, 2023 negative
Jul 14, 2023 positive
Jul 28, 2023 negative
Singh: Building for VC trends is a mistake due to saturation
“What like in our own journey, we've seen that it's the biggest mistake is to try to build a business around what will be cool for a VC, because there is no way you can be the smartest person in the world, but to predict that, you know, at that time where, you …”
Aug 25, 2023 negative
Sep 22, 2023 bullish
Shenoy: VCs Should Push Portfolio Startups to List on Indian SME Exchanges
“My funda is, in fact, a VC should go and tell companies, please list on the SMA exchange. I will buy your shares on the SMA exchange. After that, if there is no liquidity, it will come one day. Your e-shops, your employees can sell on the, this thing exchange.”
Oct 6, 2023 neutral
Sudhakar: Startup capital availability strictly follows a recurring sine wave cycle
“People will suddenly throw in money after literally like there's no tomorrow, and then after five years, there'll be one huge scarcity for money. Then again, there'll be, after three years, there'll be again one huge glut. So I think it's a matter of, I think …”
Nov 3, 2023
Nov 3, 2023
Dec 6, 2023 negative
Suresh: Forcing 80–100% annual growth creates weak startup foundations
“But if you're going to make me grow this 80, a hundred percent year on year, I don't think it's possible. I think it just puts very wrong measures and we all face it, right? Every time we have to go raise capital and it is important. You have these weird like …”
Jan 19, 2024
Fafaria: VC nimbleness is evolving thought to rationalize exceptions, not fast checks
“The nimbleness until the froth was there in 2021 was defined by how fast you can cut the check and land the money in my bank. I think nimbleness comes in the way we are able to evolve the thoughts and come to rationalizing an exception that you want to make be…”
Jan 19, 2024
Jan 19, 2024 neutral
Jan 19, 2024 negative
Mar 8, 2024 negative
Suhasini Sampath: Rivals with half Yoga Bar's revenue received higher valuations
“I remember that when we were raising, There were a couple of companies at half our revenue and two XR losses getting valued higher than us. Now it causes problems for both parties. No strategic is going to give you that kind of value.”
Apr 13, 2024 neutral
Mayya: 10,000 audience comments provide better product guidance than VCs
“There's a difference when a VC tells me, Varun, this is how it is, and today, every day, like, 10,000 comments telling me what it is. Who do you believe? Because I'm building not for the VC. I'm building for this user... So the 10,000 people telling me what to…”
May 17, 2024 bearish
May 17, 2024 negative
May 27, 2024 negative
Jun 12, 2024 neutral
Jun 14, 2024
Ganesh: Healthcare requires patient private equity, not venture capital
“So in my view, healthcare is a patient capital. Healthcare is long duration. Healthcare is not a rocket ship. Healthcare is grows, becomes steady, and then continue to provide dividends in that kind of an industry. And the kind of capital that needs to go afte…”
Jun 20, 2024 negative
Batchu: People pursue VC for status and power, not helping founders
“It's a high status job. That's why they seek it. Right. And I think it's a lot of, Extrinsic motivation and reason as to why people want to be VCs not necessarily intrinsic motivation. I think they tell themselves, oh, like I want to help founders. But I think…”
Jun 20, 2024 neutral
Batchu: Institutional VC requires a different skill set than angel investing
“The skill set of being a successful VC in terms of like pricing and winning the allocation, and also honestly building really high conviction to drive to a smaller, you know number of deals that you really want to win is a completely different skill set than b…”
Jun 20, 2024 negative
Sri Batchu: Power law dynamics disincentivize VCs from helping struggling startups
“Because of the power law dynamic, unless you're
A winner, a clear winner. They're actually not incentivized to work with you, which is the irony is like, okay, the person that needs the most help, they're least incentivized to help.”
Jun 20, 2024
Batchu: Winning allocations, not finding top founders, differentiates VC firms
“It turns out that that's not the most differentiating element for investors. Like, you know, because of the parallel dynamics of the portfolio of VC investment, you just have to have a handful of really good companies. Right. And there's the founders, the 10, …”
Jun 23, 2024 neutral
Acharya: Predictable and Repeatable VC Exits in India Remain Unproven
“The things which I would say as a private market venture investor, which people are still have question marks on, is around liquidity and exits. So, of course, part, ah, limited partners who are investing money in India want to have a view of when they are goi…”
Jun 23, 2024
Jun 23, 2024 negative
Somani: Recent graduates should not enter venture capital without operating experience
“I don't think young people should get into VC, especially of the, you know, just coming out of IIT, can I come join, you know, Neon or Prime or whatever. Because I think, and certainly the way we practice the boutique art, right, form here at different, you kn…”
Jun 23, 2024
Swami: VCs make money on winners but build reputations on failed startups
“So, there's a famous quote, I think you used to tell me, I don't know who you are spending it to, but you make your money on the winners, But you make your reputation on the ones that don't pan out, right? And so we end up, you know, it seemed like an expressi…”
Jul 5, 2024 neutral
Jul 20, 2024 neutral
Jul 20, 2024 positive
Garg: VCs will rethink power-law models if profitable $300M–$400M IPOs succeed
“If there is a, you know, there is a series of outcomes of, you know, 305, four hundred million dollars of businesses which have been capital efficient, being profitable from early days and good IPOs. I think the VCs will also start thinking very differently fo…”
Jul 20, 2024 negative
Garg: VCs cannot become great investors by playing popularity games
“I think you definitely, one of the biggest mistakes some VCs do is always be really nice to the founders and not tell them what the market realities are or what they're seeing out there. You know, you can't be, you know, be a great VC by being, by playing a po…”
Sep 20, 2024 positive
Ferrari: Bending Spoons outsources finding product-market fit to VC investors
“We chose to build a Benny spoons in the way I mentioned so outsourcing, finding product market fit to the market. There's plenty of people looking to do that. Plenty of VCs and angel investors investing so that bets are made and rather Benny Spoon's coming in …”
Sep 20, 2024 neutral
Ferrari: VC portfolio math reduces individual startup survival odds
“When you look at it on a portfolio basis, it might be the case that you're better off with each company, each bet going a hundred miles per hour, whatever decision that picked, And so that more will fail than if each had been more cautious, had kept optionalit…”
Sep 28, 2024 neutral
Parekh: Passive VCs lose context on startups without continuous founder updates
“The problem that a VC has, he's anyway a passive investor. He doesn't know, can't learn your business well enough. And if you give him a quarterly update, by the time he figures out what your business is again, and refreshes his memory, that meeting is over. S…”
Dec 13, 2024 bearish
Wertz predicts 2021 and 2022 startup vintages will take longer to mature
“I think especially in everything that was invested in, in 21 and 22 will take even longer, right? Because most of the startups that got invested in, in that period of time were a little earlier, a little less mature given the hotness of the market.”
Dec 13, 2024 positive
Dec 27, 2024 negative
Allebest: Founders are naive about the friction of forced VC exits
“I think people are a little bit Naive about the downsides of raising money. Ultimately your investors will want an exit and it may not be at the same time as you. And for a business that's as mission driven as chess.com is, it's, it has at times been irritatin…”
Feb 14, 2025 neutral
Banglani: VCs Outside Founders' First-Choice List Face Severe Adverse Selection
“For entrepreneurs, it's a funnel. In the first reach out, you will not go to all the 30 odd funds that that exist in India. You will go to a list of five funds. If those five do not invest in you, then you go to the next list of 10 funds, and then you'll go to…”
Feb 14, 2025
Banglani: Venture capital returns depend on deal access before deal analysis
“Unlike many other asset areas, the one important thing in venture is that not everyone has equal access. I might be smart enough to recognize the next Zomato, But if the founder of the next Zomato is not coming to pitch to me, I'll make exactly zero dollars fr…”
Feb 14, 2025 neutral
Banglani: 100% deal coverage means no proprietary venture deal flow exists
“Nobody wants a hundred percent because that means there are no proprietary deals in the market, not for us, not for others. Just like we want we want to access certain entrepreneurs before they even start their fundraise. So do our peers and competitors. So a …”
Mar 21, 2025 bearish
Mar 21, 2025 neutral
Bajaj: Maximizing deal coverage works in thin markets but fails in mature ones
“When the markets are thin, coverage is a good measure. So, including me, we used to go to IITs, we used to go to conferences, we used to speak at conferences, you know, honestly conferences, you get mobbed later, you are, you know, taking, giving out your card…”
Mar 21, 2025 bullish
Mar 21, 2025 negative
Bajaj: Public market investors, not VCs, consistently generated returns in India
“Because investors know India and they have generally mixed to negative views because venture capital has had liquidity issues. Private equity has had high valuation issues. Actually the people who have consistently made money have made money in the public mark…”
Apr 18, 2025 negative
Investors dislike the CRM category because they doubt new companies can scale
“In the CRM is, is not a very you know very desired investment category. And there's so many companies which come in CRM space even today. And it is very hard for anybody to believe that any company can scale in CRM space or in generally customer relationship s…”
May 16, 2025
Prabhakar: Pitch prospective LPs for the fund after next, not immediate fund
“Whenever you're talking to anybody in my own mind, I'm thinking that I'm pitching to this person, not for the next fund, but for the next to next fund. And if something converts in this fund, great, because you're not you're not selling a product. You're actua…”
May 16, 2025
May 16, 2025 neutral
Bhagia: Mega-fund strategy inherently degenerates into a capital deployment problem
“I think one big disadvantage for the larger funds also that the bigger you become, right? Your fund strategy becomes a deployment problem. Cause how many, if you run a fine and million dollar fund. Even if I give somebody five million dollars, it's like one pe…”
May 30, 2025 neutral
Most funded Indian startups had category benchmarks, whereas FinOps had none
“Majority of the companies which are getting funded, right? So these were also operating in in existing categories where you had, you know, some benchmarks and you had, you know, some reference points. But in our case, it was a new category which we're opening.…”
Sep 30, 2025 negative
Sharma: Playing 'Yes Man' to VCs Causes Dangerous Strategic Drift
“I have seen a lot of founders who, when they are raising and they're talking to so many people, they play yes man to VCs. So they might have a different opinion, but they're like, okay, this person is 80% agreeing to what I'm saying. 20%, there's a conflict. C…”
Oct 22, 2025 negative
Nov 4, 2025 negative
Bhushan: Investors must avoid operating portfolio companies alongside founders
“Eventually the founder is in the command of the ship. Right? And if there are more than one commanders, you will likely end up Having an accident, so you need to step away, but that's part of, like, my transitioning also to make sure that I'm not stepping into…”
Nov 4, 2025
Bhushan: Portfolio failure is usually apparent within two to three years
“Failures are many a times very,
Quickly apparent.
Like, within two, three years, you will know, with reasonable confidence, and not so high confidence, that this is unlikely to be the blockbuster return company in your portfolio.”
Nov 4, 2025
Nov 12, 2025 neutral
Nov 28, 2025 negative
Dec 12, 2025 neutral
Dec 30, 2025
Early-stage investing is backing founders who will succeed anyway
“So you see, you, the secret of early stage investing is actually to invest behind founders and teams and companies that are going to succeed anyway. Maybe we made two percent difference. But you've got to be humble enough, enough to recognize that.”
Mar 19, 2026 neutral
Agarwal: AI startups must prove they offer better returns than backing Anthropic
“And I've heard this in conversations where a VC would be like, do you, do I invest in startups, which is like a risky business and I'm still getting a 10 X return or do I just put my money in Anthropic and I'll just get a 10 X return without doing any work. So…”
Mar 26, 2026 positive
Mar 26, 2026 bullish
Jun 11, 2026 negative
Jul 17, 2026 neutral
Venture returns depend on company quality, exit ownership, and entry price
“In our business, I think three things matter in that order. I think number one, it's a parallel business. So you've got to be in the best companies. A few companies end up driving the returns, whether it's for your fund or for the industry, and you've got to b…”
Jul 17, 2026
Jul 17, 2026 neutral
Jul 17, 2026
Jain: The true constraint in startups is talent, not capital
“The constraint actually is not capital, as I've realized over time, there's a lot of money in this world. The constraint is talent. Right. There's a lot of people who want to start companies. So that's not the constraint. There's very few people that are reall…”
Jul 31, 2026 bearish
Krishnan: Prediction of a 10x AI-driven startup surge was wrong
“One prediction on way on which I, I'm just, I turned out to be wrong was I would have expected this kind of productivity gains to come all the way on the stack along the stack. Like I would have expected that, for example, the number of let's say good venture …”
Aug 22, 2026 negative
Mehra: Raising VC too quickly traps founders in unconvincing ideas
“Sometimes that is actually much worse than the counterfactual. Because if I, let's say I start with an idea I'm not passionate about. And I don't think it's gonna work. But maybe like a big name VC comes and invests in that. Then there are two problems. One, I…”