153 karma · joined October 16, 2018
https://medium.com/@therealpankaj/interview-questions-to-ask...
I recall hearing that VCs would advise their consumer apps NOT to monetize at all so in acquisition talks they could position potential instead of actual amount / user.
or
Attach yourself to the areas that have the highest business impact and produce results...
Make the numbers work for the life you want. You don't need to be a billionaire to have a fulfilling life.
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Also true that later stage companies have working business models (though they are typically not profitable a tradeoff they willingly make for growth). See the comment above on plenty of funding post SoftBank round. I've also observed that their valuation forces founders to do subsequent down rounds.
The Ponzi scheme argument (not perfect) is the gains are all paper valuations that are based on growth continuing or more investment being piled in. Once that stops the whole thing crumbles. After Softbank with a $100B fund, where else does the funding come from? IPO?
https://www.cbinsights.com/research/wework-real-estate-earni...
WeWork founders banned meat from their office meals can they really accept to be owned by this fund?
Once the SoftBank money stops flowing does the chamath described Ponzi scheme stop causing the whole thing Venture backed growth story to unravel?
https://www.businessinsider.com/softbank-talks-invest-15-bil...