Taylor Lorenz

@TaylorLorenz ↗

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Last Checked Oct. 22, 2022

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Wed Oct 19 16:07:17 +0000 2022

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Taylor Lorenz @TaylorLorenz

@mignano @kyurieff After bashing creators for years, in 2020 a ton of VCs started paying attention (which was great!) but CE became a buzzword and investors were flailing around putting tons of $ into stuff no one needed or wanted. One big VC I talked to didn’t even know what RewardStyle was 😵‍💫 — PolitiTweet.org

Posted Oct. 19, 2022

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Taylor Lorenz @TaylorLorenz

@mignano @kyurieff Such an interesting and thoughtful piece! Imo the failure of the spate of CE startups is not an indication of the industry (which continues to grow by the billions and shows no sign of slowing) but more a reflection of how off base a lot of SV VCs were in understanding the market — PolitiTweet.org

Posted Oct. 19, 2022

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Taylor Lorenz @TaylorLorenz

@mignano @kyurieff This is not to bash VCs, but I do think a bunch of SV ppl got caught up in a hype cycle and now, rather than be like, oops we made bad calls and misunderstood the market, are trying to claim a whole industry is dead despite all evidence to the contrary (not you to be clear!!) — PolitiTweet.org

Posted Oct. 19, 2022