Beware of Gross Margin In Early Stage Investing
20VC with Harry Stebbingsยท2025-08-11 14:00
Beware of gross margin in the early days. That's a mistake we've made a couple of times. You know, you have a lot of businesses that in the early days have really bad gross margin.All the LLM providers were very clear examples of that. I think if that's the only thing that's holding you up in most cases, I would totally ignore it. We never lose a deal or pass on the deal because of price in the early stage.So, we've been around for 30 years. We invested 11.5% billion. We've returned close to 30 and we still ...