yeah, venture capitalists are famous for never touching a project that requires up front costs but promises to create billions of dollars of value https://twitter.com/worrydream/status/1113516725641912323 …
in your model, every entrepreneur who gets VC investment has already succeeded once before? that's not how it works (and is logically impossible); I 've got multiple friends who got VC without having gotten VC before.
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No. That is not what I meant. VC’s invest in unproven ideas on paper only when the team has prior experience and a proven track record. Unproven ideas meaning the product does not currently exist and thus there is not a proven market.
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I have raised five rounds myself. They got easier and easier. And earlier in the product life cycle. Just saying that a unproven idea is hard to finance. Of course VC’s invest in startups without prior experience. But usually after some history with the product.
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