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2min chapter
Netflix's Journey, Building TCV, and Investing Through Downturns (with TCV co-founder Jay Hoag)
ACQ2 by Acquired
Is Your Product Worth Funding?
The company pulled the IPO. Ironically, the company never really needed the capital. They turned free cash flow positive pretty quickly. So I'm glad their forecasts were off. And then they went public in 2002. Well, even there, the stock traded down on the IPO. If you have a compelling value prop that is quite evident, then it is worth funding,. Even if the world doesn't think it's worth funding.
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