Advice to YC founders presenting at Demo Day (and any similarly early stage startup): You don't have to prove that you'll become huge. If it were provable, you'd already have your future valuation. You just have to show that you're a sufficiently good bet to become huge.
-
Show this thread
-
What's a sufficiently good bet? If the claim is that you could one day be worth $10b, and you're raising now at a valuation of $20m, that's a 500x increase. VCs would love to get 5x, and if we suppose 3x dilution, a sufficiently good bet = a 3% probability.
9 replies 37 retweets 488 likesShow this thread -
Replying to @paulg
Five years ago, I suppose you would have benchmarked $1 billion not $10 billion.
1 reply 0 retweets 2 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.