I love this post from Bryce Roberts (OATV) titled You’re Doing It All Wrong.
Every great company I’ve ever worked with has its own style, personality, approach, strengths, weaknesses, and quirks. Experience – and inexperience – when combined with an amazing new opportunity, creates really unique characteristics that – over time – mix with other company DNA to create new characteristics. Funny – just like humans.
Bryce Roberts (OATV) totally nails it in his post titled You Can Never Size a Market in Excel. The punch line is:
“In every single case that I’ve seen this question (“how big can it get”) persist over more than 2 meetings, it has NEVER been resolved. NEVER.”
There’s plenty of great stuff in the post – go read it.
Remember – Ask the VC reads all of the VC bloggers for you so you only have to read the best posts!