Demirors: Early-stage TAM calculations are just performance art for VCs
Meltem Demirors · Minting Billionaires and the Religion of Bitcoin | Meltem Demirors, CoinShares · Feb 18, 2022 · at 45:05
Meltem Demirors of CoinShares critiques traditional early-stage venture capital diligence requirements like TAM calculations for novel technologies.
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“VCs do a lot of performance art, right? Or they do this weird, like, power flex with other stage entrepreneurs, where they're like, oh, show me a business plan, like, calculate your TAM. I'm like, I don't fucking know what their TAM is, because nobody's ever built this before. Like, what are you gonna do? This is like an academic exercise to see if you know how to use Excel. It's whack.”
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