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Playing to Win - by Eurie Kim - The Art of Venturing

artofventuring.substack.com · 722 words · saved by 1 readers

What's worth it?

Playing to Win What's worth it? Apr 15, 2026 11 5 4 Share For decades, venture has been a hard game to win, but at least it had decipherable rules: Build a great product. Gain distribution. Raise capital. Scale. But today, those rules are dissolving in real time. In the last year alone, we’ve seen startup companies go from $0 to $100 million in months — only to face existential threats months later when OpenAI ships a feature. Reliable distribution channels — Meta, TikTok, Google — change algorithms on a whim, and vaporize companies’ customer acquisition strategies overnight. Companies reach $

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