The world of Venture Capital is an intriguing one. Constantly on the lookout for the “next big thing” VC’s have to have an open mind about what the future could bring. Despite this (or perhaps because of this) picking what could be the next Atlassian, Canva or Afterpay isn’t easy.
With thousands of companies and hundreds of different industries on which to focus the relatively small teams of VC funds can’t cover it all, at least not in too great a deal of depth. And so they often choose to filter their view point. First of all broadly, i.e. only looking for companies/ideas with billion dollar potential, and then more finely. Often by geography, industry or a mixture of both.