No startup company can make a defensible claim that their product will be around for the long haul.
No startup company can make a defensible claim that their product will be around for the long haul.
In the B2B space in the last decade? Please go ahead! Name 5 off the top of your head and I'll concede the point.
> that have been sold for far less than $100M when they couldn't raise the next round
Sure, but the question was about what VCs _want_.
Still, here's a few that came to mind where the product has been shut down or changed sufficiently to be the equivalent for many customers: dMARC FeedBurner AuthenTEC Face.com TellMe Wildfire
I'm sure I could come up with a few more if I thought about it a little longer. I'm pretty sure these are all >= 100M.
Vendor reliability is a problem at all levels. If you don't have a multi-year maintenance contract, all the more so.