Excerpt from a YouTube video titled "How to Invest as a VC Investor" (beautiful-caviar). The speaker discusses VC investment criteria: debate between large existing markets vs. rapidly growing markets vs. technology transitions (notably AI). The speaker emphasizes the need for multiple potential 'S curves' (growth trajectories) aligning to create a venture-scale opportunity.
So lots of people think that you want to build in a massive market, an already built big market. Some people think you want to build not in a big market, but a market that's growing very quickly, that the market itself is going to have that. Some people think that it's the technology transitions that we're going through. We're going through AI Today. No one's going to argue that AI is not going to lead to a bunch of venturescale opportunities. But to me, there has to be enough of those potential S curves to invest in a company. And when I think of venture, there's enough of those S curves that kind of align to say that there's an opportunity.
