A short transcript excerpt from a Precursor Ventures video where a speaker reflects on a portfolio company that pioneered remote-work ideas but shut down just before COVID-19; the speaker argues the founders were directionally correct but timing and circumstances prevented success. The clip highlights challenges investors face predicting market timing versus product vision.
And, you know, we had a company in our portfolio that was, like, pioneering a bunch of ideas and remote work, and they shut down, like, right before COVID not knowing that Covid was coming. And there are many, many things that that company intuited about where work was headed that are, like, totally how people work now. But at the time, the idea that people wouldn't be in the office five days a week, it was hard for people to grasp. And that's a company where I was just like, I believe in those founders. They were directionally correct. But the circumstances didn't all come together. I.
