At the end of the day, the whole VC-backed startup space can be summarized in:
- Investors invest money in people.
- People invest time in transforming a vision into a reality.
- People figure it out with time, pivot, iterate, and impact the world.
What does not happen:
- Investors do not only invest in numbers, metrics, and processes. Product & traction is important, but a great scorecard without a great team is never a good investment.
- People do not receive money for “free”; they pay with time.
- Products never stay the same; the only constant is pivoting.