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

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

20VC: Why VC Subsidizes the Wrong Type of Business, Why Capital Gains Tax is Crazy, The Biggest Misalignments Between VCs, Founders and LPs, Why Business Model - Product Fit is as Important as Product-Market-Fit with Chris Paik @ Pace Capital

May 8, 2023
Chris Paik, General Partner at Pace Capital and former Thrive Capital leader, shares his journey from novice to a prominent VC in NYC. He delves into the critical distinctions between business model fit and product-market fit, emphasizing that clarity in business descriptions drives successful investments. Chris discusses misalignments between VCs, founders, and LPs, and critiques the current venture landscape, arguing that virtuous companies often suffer in enterprise value. He also highlights the importance of market timing and the interplay of timing and execution in startup success.
01:09:32

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