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20VC Roundtable: NEW FORMAT: Why the Seed Investing Model is Broken, How to Make Money at Seed Moving Forward; Who Wins and Who Loses, Why Venture Value Add Platforms are BS and Failed and Why There Will be an IPO per Week in H2 2024
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Fallacy of the Lifestyle-Esque Business
I own a hundred percent of the fallacy and that argument I've seen in SAS is most, maybe I can't say most because there's not enough data. You go through a phase transition as you scale, maybe it's not even till after five or 10 million where if you don't have capital, you can't all be Atlassian or Qualtrics - they fall behind competitively. And I think that's the fallacy of the lifestyle-esque business, right? Where media businesses are different, the information can be wildly more compelling today than before. But I don't know about a $20 million chip of payroll company that raised nothing when Rippling and Gusto were going for
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