I've always liked this list. BVP is no different from most VC firms in this respect. What's unusual about them is that they're so candid about it.
I was just talking to some founders about what terribly bad judges VCs are, compared to how confident they seem. They're in the same position as governments. All governments are horribly inefficient, but they don't realize it because their only competitors are other governments.
Come to think of it, this may be changing. Now that startups are so cheap to run, companies rejected by VCs are increasingly likely to survive to embarrass them.
I'm glad they are humble enough to provide that information.
What do you think of the idea that companies that are cheap to run may face stiffer competition and thus never really gain a large chunk of the market, thereby never making it "astronomically" big.
At one point the network effect will come into play as well as consolidations down the line but it's an interesting thought.
I was just talking to some founders about what terribly bad judges VCs are, compared to how confident they seem. They're in the same position as governments. All governments are horribly inefficient, but they don't realize it because their only competitors are other governments.
Come to think of it, this may be changing. Now that startups are so cheap to run, companies rejected by VCs are increasingly likely to survive to embarrass them.