Does Your VC have an Investment Thesis, or a Hypothesis?
David Teten
MARCH 18, 2021
Thirty-four VC firms in OpenVC call themselves “early-stage” Yet, 30% of those don’t actually invest in pre-revenue startups. But you must be doing real engineering of some kind. They exist as heuristics, but at the end of the day, deal flow trumps everything. The phrase is quite ambiguous.
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