The next time you hear someone say, “Hey, software can be developed anywhere, so why not here? Why can’t we be like Silicon Valley”.
Your answer: “Because Hawaii doesn’t do $5.26 Billion (that’s with a B) of venture capital investing every 3 months to over 714 companies for an average of $7.4M per company.”
One day, we might get there. But today, we have to “get real” and realize that our deals are going to be much, MUCH smaller. And this is why our model of about $200k-$500k (TOPS) per company that brings a 10x return in <= 5 years is a winner.