We reside in an period rife with the narrative of unicorns, decacorns, and startups that seemingly explode in a single day into multi-billion-dollar enterprises, and each budding entrepreneur is seemingly dreaming of being the following Elon Musk or Mark Zuckerberg. However the fact is, not each startup must be “venture-scale.”
I see a standard downside with many startups I work with as a pitch coach: Firms will try to lift from VCs regardless of realizing they will’t probably ship venture-scale returns.
You may both be a venture-scale startup and lift from VCs or select a unique path and construct a really profitable firm regardless. However by no means the twain shall cross: When you’re attempting to pitch your startup to VCs with out providing a VC-scale return, you’ve gotten about the identical possibilities as a snowflake surviving in entrance a Boring Firm flamethrower.
Let’s speak concerning the distinction between an organization that may attain venture-scale and one that may’t.