Day 3｜“We’ll Invest After You Have Revenue” = Not a VC
Japanese VCs love to say:
• “Is the product complete yet?”
• “Do you have MRR?”
• “Let’s wait until you have traction in Japan first.”
At that point… why do we need you?
Unicorns don’t emerge when everything is polished.
They happen when someone believes early—before anyone else does.
If you only invest in certainty, you’re not doing VC.
You’re doing due diligence for someone else’s deal.
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