Rent is the Great Filter of Internet businesses.
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(I think I'm scoping investment out of this model because it works in, and may prefer, hyper-dense high cost cities.)
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I really like this metaphor. VC helps startups overcome the Rent filter, but imposes the 10-100x Returns filter.
End of conversation
New conversation -
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Alternately, the ones in NY don't quit because their day job pays $10-20k/month, vs $3k/month in Ogaki. Opportunity cost is a thing.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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