I think this seems broadly correct. By the mid-2010s the internet was basically built out. V.C. doesn't have enough $ to fund huge capital-intensive things, so it funded either A.I./ML stuff, or gig-economy, disrupt-the-physical-world sort of stuff.https://twitter.com/asymmetricinfo/status/1262782944260825089 …
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But how many $10M ARR startups (per the examples in the law) have growth potential warranting VC backing? The long tail may expand for a while, but I think point still stands that the big swings are scarcer and more capital-intensive
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Fair question! VC only works with great growth potential, and services that aren't so predictable that they can get cheaper sources of money. It is possible that saas will become so well understood one day that it might not need VC.
End of conversation
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