| ▲ | throwaway89864 an hour ago | |
Was it fudging expected numbers (forecast), or fudging actual numbers (revenue, etc)? VCs are looking for a long-tail, if you have a 1% chance at 5B - 1T market, this is more interesting and impactful than 10% chance at 5M market. And yes, 1% chance of success is considered to be unrealistic by common sense standards. | ||
| ▲ | e40 35 minutes ago | parent | next [-] | |
IME, it's about pushing you to overextend on the forecast, so that when you don't meet it, they get more control or claw back funds promised or given. Fudging actual numbers is a dangerous and illegal game to play and never pays off, except in the edge cases (e.g., Enron... but usually you have to pay the Piper). | ||
| ▲ | aliasxneo an hour ago | parent | prev | next [-] | |
From my experience they wanted you to demonstrate enough metrics that would have justified NOT ever getting VC funding. It feels like they are just becoming lazy. | ||
| ▲ | satvikpendem an hour ago | parent | prev [-] | |
Ergodicity. For you as an individual startup it is low but a VC looks at a portfolio and at a given size it is almost guaranteed to win. | ||