> c) Only recently have they learned that a best-in-class product isn't enough to get investors excited without talking about the market.
Isn't the whole point of there existing a separate class of tech-oriented investors and investment managers, who get paid pretty well for their work, that they are knowledgeable and well-positioned to evaluate things like market prospects? If who they fund depends so heavily on social proof and slickness of the pitch to investors (as opposed to the actual product and market potential), seems like capital is being allocated pretty inefficiently...
> c) Only recently have they learned that a best-in-class product isn't enough to get investors excited without talking about the market.
Isn't the whole point of there existing a separate class of tech-oriented investors and investment managers, who get paid pretty well for their work, that they are knowledgeable and well-positioned to evaluate things like market prospects? If who they fund depends so heavily on social proof and slickness of the pitch to investors (as opposed to the actual product and market potential), seems like capital is being allocated pretty inefficiently...