> 2. If some of the investments don't sound a little crazy to you, then what is their differentiation or thesis? Remember PG's essay about good companies often start off sounding like terrible ideas.
It's very different when you're investing at the seed stage as opposed to putting in what would normally be considered late stage capital. By that point, your valuation should be justified by your numbers, not your dreams.
It's very different when you're investing at the seed stage as opposed to putting in what would normally be considered late stage capital. By that point, your valuation should be justified by your numbers, not your dreams.