(this post is a feed post from my comments on reddit)
r/Entrepreneurship
Just depends on your idea/product/ tech.
The last few years has been marked with hubris and too much money in the VC space. Someone recently made a joke- imagine telling someone who woke up from a 20 year coma, that at one point people were paying millions for a jpeg
Now that the interest rates are so high other asset classes are looking like better alternatives, so the money in VC is somewhat dry… as a result VCs are more pragmatic, suddenly fundamentals and viable number actually matter.
Finally VC math is underpinned by the power law, so it really is about making hundreds of millions, the math only works if that’s the realistic outcome. Anything less and the multiples of return simply don’t make sense.
So, it’s possible you’re simply speaking to the wrong people.
Does anyone else feel like tech has gotten toxically competitive?
byu/SuccotashComplete inEntrepreneurship