"The venture capital asset class does not scale." -- ...this is the clearest I've heard a VC say it. Where's the bottleneck?
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"If $100bn per year in exits is a steady state number, then we need to work back from that" -- ...SV scaling-talent-bottleneck?
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Hyp 2: Cloning SV is purely matter of absolute size of s/w labor force. An SV exists at 10k+ engineers in a metro. Assume 15% liquid talent
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I wish it were that simple + would love to discuss; culture, early risk $, leadership, media support and mentors all reqd to activate
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speaking as a non-SV founder, it has nothing to do with # of engineers. risk appetite + distribution knowhow matter much more.
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You haven't hit your scaling chokepoint yet, where you have to hire 200 engineers in 2 quarters...
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