Find 1,000 half decent devs. Fund them for 1 year at 50K or so, with promise of 60% of company. Sprinkle over decent marketeers / designer / product mgrs.
Cost is now 50M USD + change.
Get to 10K MRR and its 120K pa, maybe 20-30K profit.
Does it matter which ones are just paying back their investment over two years, and the 1/1000 that might be a unicorn?
Find 1,000 half decent devs. Fund them for 1 year at 50K or so, with promise of 60% of company. Sprinkle over decent marketeers / designer / product mgrs.
Cost is now 50M USD + change.
Get to 10K MRR and its 120K pa, maybe 20-30K profit.
Does it matter which ones are just paying back their investment over two years, and the 1/1000 that might be a unicorn?
I just don't think VCs are playing the odds.