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YC demo day valuation tensions, how VCs can find gems, Substack's performance & more | E1716
This Week in Startups
The Importance of Product Market Fit in Startups
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Uber didn't have product market fit when they graduated YC. But it does in Trump valuation because there's another truth. If you were going to invest in one company at 25 million, you would do much better to find those five companies that are raising at 5 million and get five swings at bat. That's a better betting strategy. You could play five hands to the flop as opposed to one. Party rounds equal death? They equal death because nobody actually cares about your business enough to fight for it when things go wrong.
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