This company is growing like a weed! This company is growing like a weed! The product is amazing! The team is killer! The market is huge! We’ve all heard this type of hyperbole (and frankly I’ve been guilty of it myself) in the startup ecosystem. While I’m glad to be in an industry that is anchored in positivity (despite the fact that we say “no” to 99.9% of the companies we see), the investor in me can’t help but try to create some structure out of this opaque chaos. Market size analysis is often flawed (and way too generous), assessing teams is subjective (and often highly rooted in bias) and growth at the earliest stages can often be hacked together in unsustainable ways (providing a false positive of product-market fit).
What is a "Moat" and why does it matter?
What is a "Moat" and why does it matter?
What is a "Moat" and why does it matter?
This company is growing like a weed! This company is growing like a weed! The product is amazing! The team is killer! The market is huge! We’ve all heard this type of hyperbole (and frankly I’ve been guilty of it myself) in the startup ecosystem. While I’m glad to be in an industry that is anchored in positivity (despite the fact that we say “no” to 99.9% of the companies we see), the investor in me can’t help but try to create some structure out of this opaque chaos. Market size analysis is often flawed (and way too generous), assessing teams is subjective (and often highly rooted in bias) and growth at the earliest stages can often be hacked together in unsustainable ways (providing a false positive of product-market fit).