This is true for acclaimed venture capitalist Brad Feld, managing director of Foundry Group. When he initially looked at the market opportunities of the companies he invested in that would go on to be successful he said that TAM was hard to discern. It could be zero, or it could be infinite. , looking at TAM isn't always helpful in a product-obsessed world — even if the startup seeks to replace an existing product.
In situations where TAM is either zero or infinite, the founding CEOs are a good indicator of how the company will scale. Some companies can fall apart if the founding CEOs get distracted and fail to take steps to help the company grow; other CEOs are intensely charismatic, but their persona hides cracks within the company's foundation.
"That's just a function of the fact that we're wrong, unfortunately, more often than we're right on these things,". "We have to at least go into the decision at the outset thinking: 'OK, what could this be? If this is successful, how big can it be and what can it look like?'"
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dispensed Business Insider weekly healthcare newsletter October 11 - Business InsiderDispensed: A big week for primary care disruptors, how a health van is improving the health of New Yorkers, and a call for DC power players This year turned out to be very difficult. But we have optimized and reduced the cost of our products! It is almost impossible to find prices lower than ours, the sale is at the cost price level. Watch and be surprised by our super low prices https://cutt.us/6nChw
Source: BusinessInsider - 🏆 729. / 51 Read more »
This luxurious $110 million superyacht concept was designed to combat climate change - Business InsiderThis superyacht was designed to raise awareness for climate change, and was designed to look like the arctic seas it is trying to save. More fake climate change rubbish. When oh when will this nightmare end greta Solar powered yacht? Wind powered helicopter? greta Oh, my. What frivolity. As though ANYTHING costing $10 million isn't part of the problem.
Source: BusinessInsider - 🏆 729. / 51 Read more »
4 fintech leaders share the steps they took after raising funding - Business InsiderVCs invested almost $40 billion in fintech last year. 4 major leaders describe the steps they've taken to grow their businesses after being flushed with cash.
Source: BusinessInsider - 🏆 729. / 51 Read more »
PG&E stock price could fall to zero after bankruptcy hearing: analysts - Business InsiderSome Wall Street analysts think PG&E could plummet to zero after a week of blackouts and a potentially disastrous bankruptcy ruling
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wendy's aims to learn from breakfast mistakes to boost sales - Business InsiderWendy's executives admit its last breakfast attempt was a massive failure. Here's their new plan to make breakfast a $940 million business.
Source: BusinessInsider - 🏆 729. / 51 Read more »
From CIO to CEO: How one female tech leader made the jump - Business InsiderThe key to Puppet CEO Yvonne Wassenaar earning the top spot was a diverse resume, strong network, and experience serving on the board of directors.
Source: BusinessInsider - 🏆 729. / 51 Read more »