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A comment on Paul Buchheit on Lessons Learned from Investing in 200 Startups. Parent comment

Re:Paul Buchheit on Lessons Learned from Investing in 200 St... by CPLX on Thursday June 01, 2017 @12:42PM (#14461888)
It's odd that there's no pushback on that statement versus reality. Does he really think that some of these developer tools startups, sous vide cookers, or glass of wine in the mail every month type companies are headed to eleven figure valuations?
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Re:Paul Buchheit on Lessons Learned from Investing in 200 St... by imjk on Thursday June 01, 2017 @12:47PM (#14461936)
I think the answer to that is yes, in terms of potential. The global wine market from just the quickest Google search seems to be north of $300B. The cooking appliances market is massive as well.
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Re:Paul Buchheit on Lessons Learned from Investing in 200 St... by CPLX on Thursday June 01, 2017 @01:14PM (#14462262)
Sure and the global food market is even bigger, but that doesn't make me want to fund a hot dog cart.

I mean they literally funded a company that opens bottles of wine and sells it by the glass through the mail.

It's hard to reconcile that behavior with his stated investment approach is all I am saying.

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Re:Paul Buchheit on Lessons Learned from Investing in 200 St... by sharemywin on Thursday June 01, 2017 @01:53PM (#14462658)
How about a robot hot dog cart you just drop off and it makes people's dogs?

Stealing - locks, cameras, alarms.

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Re:Paul Buchheit on Lessons Learned from Investing in 200 St... by sharemywin on Thursday June 01, 2017 @01:51PM (#14462643)
But, every niche is part of a bigger market.
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