Tomasz Tunguz (Personal Blog/Venture Capital Publication) · 2024-04-17
· 778d
Rethinking Market Size Assessment in Early-Stage Venture Investment
Venture capitalist Tomasz Tunguz challenges the traditional approach of evaluating startups based on existing market size, using Shopify's rejection by early investors as a case study. He argues that successful founders don't enter large markets—they create them by changing market dynamics and generating demand through innovative products and risk-taking.
Metrics in this report
Shopify Valuation
90$B
current
e-commerce platform category-defining company