When I’m dining out in unfamiliar territory, I’ll usually find a restaurant on the beaten path — if a place has no customers, it makes me leery.
Tech investors have similar appetites when it comes to follow-on investment, writes Champ Suthipongchai, co-founder and general partner at deep tech VC firm Creative Ventures.
“Even the best efforts to estimate runway are often wrong,” and external factors like supply-chain issues, pending regulation and even a global pandemic are hard to account for.
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According to Suthipongchai, VCs who rely solely on a “spray-and-pray strategy” require a lot of luck and skill to succeed.
“Allocating for a f...
