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If anyone out there thinks with high certainty that they can turn $300k into the next amazon, or even turn $300k into a company worth .005% of Amazon ($50m), please contact me. I will gladly invest.https://twitter.com/KentingtonClark/status/1228739076892827648 …
Do these people realize that most businesses require +100k to start? Construction business, plumbing, restaurant, any store...even if you’re starting it in Missouri - you likely need capital in the +$100k range. And getting that $ is step of being a successful business owner.
The point of this tweet: not that I’m interested in throwing $300k at a startup, but that hating on Bezos success because he got $300k is crazy.
Likely none. But this was in 1996. Start up costs were huge. Could absolutely get traction nowadays from bootstrapping. That said their revenue growth was astonishing. Year 1: $1m. 2: $15m. 3: $150mpic.twitter.com/VlpTDQToCT
The point of this tweet: not that I’m interested in throwing $300k at a startup, but that hating on Bezos success because he got $300k is crazy.
question Sam: if your kid where to come to you and ask for a $300k investment in his/her vision or fleeting business, would you?
Deoo pop ends on the idea and if they have a history of follow through and good ideas and judgement.
The funny thing is— a 50m outcome is generally considered a miss in VC land. This is tangential to your point, but I would guess there are hundreds of 8 figure markets that don't get co's funded in because they're not unicorn potential.
Maybe. But that doesn’t mean it’s a bad outcome for individual investors.
I can say with high certainty that I need to show more to an investor to get that $300k than other more privileged founders. I can not be like Billy McFarland, I need to prove profits period. VC is not a meritocracy and people are mad about it but nepotism can be super successful
Most people who raise money in Silicon Valley are not from Silicon Valley. Many are immigrants who came knowing no one.
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