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The best companies are expensive
9 Yorum

Was AirBnB expensive? Was Amazon? Was Apple? Was Uber? This is an excuse to justify high valuations as a tool for “access”. But the reality is finding great companies early is not expensive, it just takes work.

I agree !

Why wait months to hire when you can have the best in days?

Which interview is this from?

This comes back fuck many founders

They sound "expensive" because they are comparing it with other companies (spoiler alert, these are not "fungible assets") They look "cheap" if you the expected return/risk ratio calculation I guess that's one of the differences between good VCs and great ones

that’s just not accurate

I don’t disagree, but Airbnb’s seed was done at $1.6m

Is this Zeev?
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