2min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: The OpenAI Memo: Why Invest? Is it too Late to Catch OpenAI? Are OpenAI's Models Truly Defensible? Does the Value in AI Accrue to Incumbemts or Startups - Application Layer/Infrastructure? What Happens with Regulation? with Vince Hankes @ Thrive

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

The Importance of Financial Rigidity in Investing

A financial model is a tool to help you make a decision. It's less about throwing it out the window and more about putting it in context. We don't have a culture where there's this kind of sharp elbow mentality or people feel on edge for making investments because prices are high or checks are really large. If this ends up not working out I don't think we're going to look back on this and put all the onus on one person or two people that made a decision.

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