You don’t need a huge target market
One of the main things that VCs are looking for is a huge target market, usually at least $1 billion, that you can address through your startup. The reason for this is simple: VCs invest in multiple startups with the understanding that some of them will fail, some of them will not grow very much, and a couple will make it big.
Given the fact that VCs need to provide returns to their investors that are far better than the stock market to justify their worth, they need those few winners to make it very big. As a result, VC funds look for startups to invest in that can “ return their fund .”
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The Startup Rules You Should Break If You Don’t Have VC Investors
entrepreneurshandbook.co
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