In Venture Capital we are trained to watch for exponentials. Exponential growth is something that your brain can’t comprehend without thinking “What if the entire world changed their behavior towards this solution for the better.” Exponential growth is something special and very difficult surmise.
Reflecting on it after some money saved (and some money stuck), I feel that hope is never a good survival option for a startup.
This was such a specific situation with a small, extremely well connected community of founders, hard wired to act super fast. And all the money at play was more than just bank accounts. It was the blood and lifeline for their startups, dreams, or life projects.
Truly a sad story for a great institution.
Reflecting on it after some money saved (and some money stuck), I feel that hope is never a good survival option for a startup.
This was such a specific situation with a small, extremely well connected community of founders, hard wired to act super fast. And all the money at play was more than just bank accounts. It was the blood and lifeline for their startups, dreams, or life projects.