News for hackers. Stuff that matters.

A comment on Ask HN: Why do VCS see market opportunity in dev tools?. Parent comment

Re:Ask HN: Why do VCS see market opportunity in dev tools? by as90 on Thursday June 29, 2023 @01:42PM (#36523884)
Good points. But I'm trying to understand why do they even fund startups even without a well defined moat? I've heard that VCs will fund (even seed round) only if the startup has a chance to make atleast $100M in ARR. Then why do they bet even on startups who just copy and without a proper moat?
[ Parent | on HN ]

There are no comments on this comment yet.