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Ben
@benersing
Imagine VC doesnt exist. No one is financing high risk, high growth early stage ventures. Pure white space. What would the optimal system/process look like? What wouldn't be included? $degen and / or $warps for most thoughtful contributions.
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Mo
@meb
Assuming high growth is measured actual high growth, and not PowerPoint J-curve High growth, positive unit economics, debt works well (if repayments don’t stall free cash flow) Speculative, high capital requirement (think biotech). Not happening without rich founders or corporate sponsors /1
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Mo
@meb
Cont. Niched and profitable, bootstrap and recycle funds. At the end of the day, turnover is vanity, profit is sanity and cash is reality, however you get there One potential white space mechanism, a subpool of equity modelled as an SPV in the larger org Buyers of product / service receive SPV shares over time
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