Yeah, unfortunately you (VCs) bring this on yourselves. As long as you’re having wet dreams about totally unrealistic growth scenarios, there’ll be people ready to pitch you unrealistic growth scenarios.

VCs will avoid like the plague a stable proposition with a crystal clear route to a sensible 2-3x exit, in favour of something really good looking with a small chance of 1000x.


Whilst your article is clearly borne of real experiences; it’d be a lot more powerful if it were followed by “… and here’s how I’m tackling the messed up incentives we set up which caused the problem in the first place:”