2min chapter

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

20VC: Why Being First To Market Does Not Matter, Why You Do Not Have Defensibility on Day 1, How to Analyse Market Size and Present it to Investors, Vitamins vs Painkillers; Do Vitamins Survive Recessions and Good vs Great Messaging with Guy Podjarny @ Sn

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

CHAPTER

The Importance of Secondary Jumps in Startups

I think to me, the learning was that if there are no leaps of faith, it probably means there are a dozen companies doing exactly the same thing. So I always have if we need a secondary jump, I'm out. And so a great example of that would be a neo bank for teenagers. Okay, the big question is, can we transcend for kids or to for teenagers to also converting them into just adult customers? That's a jump, really. What I don't like is for adult customers. Do you know what I mean? I do.

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