Martin Casado: VCs obsess over business metrics too early — disruptive tech precedes business models

martin_casado · x · 2026-10-13

a16z partner Martin Casado argues VCs in new tech waves get too hung up on TAM, revenue quality and margins: disruptive technology always precedes figuring out the business model, just as the internet went unmonetized for years.

Related event: a16z Partner and Investor Clash Over Whether Early VCs Should Sweat Business Models(3 posts)→

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