VCs Have Gotten Tam Wrong

invest in businesses. We have been wrong as VCs a lot in as much as we're supposed to be optimists and try and envision this grand future in underwhelming how big certain businesses can be because founders effectively create new markets, they create new demand, and they shift to tang

ential markets that at the beginning, none of us believe were possible. The classic examples that are given right is Uber is always cited. As an example, Bill Gurley has a very famous post where he goes after folks who said that they passed on Uber because they thought it was just the San Francisco cab

market.