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"Turpentine VC" | Venture Capital and Investing  cover image

E25: Frank Rotman of QED on Navigating FinTech and Crypto Investments

"Turpentine VC" | Venture Capital and Investing

NOTE

The Goal of Business is to Make Money

The current business environment can be dizzying for traditional operators as back-to-back rounds of funding without de-risking and doubling valuations are causing confusion. This environment is particularly challenging for those who think more like Charlie Munger than Mark Andreessen. Venture capital should focus on building a profitable business with a clear problem and solution statement leading to a strong financial statement. Ultimately, the goal of business is to make money, and a sustainable business is one with free cash flow.

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