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VCs are looking for companies that will be worth 10-30x more(!) in the next 5-8 years(!!!). If you’re going to triple in value over a decade, you might as well just fail & not waste their time. I really wonder how healthy that is for a local business/labor communityhttps://twitter.com/webdevmason/status/986052016144236544 …
No doubt, having massive capital available to throw at amazing products with teams that are ready to grow like crazy is a very, very good thing. I just don’t know if having a regional gold rush around it is optimal
I wonder is this isn’t more indicative of crazy valuations than it is about expectations of actual growth.
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