Arjun Malhotra(@BadCapitalVC):Thesis might be the most misused word in venture. We use it to think of ourselves as forward-looking. But most of what we call a thesis is just hindsight - usually we're just reverse-engineering the pattern after watching it play out across a dozen companies.

Arjun Malhotra

@BadCapitalVC

Investing in companies that don't make money @GoodCapitalVC

Joined February 2012

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Arjun Malhotra@BadCapitalVC

2026.07.31 06:57

Thesis might be the most misused word in venture. We use it to think of ourselves as forward-looking. But most of what we call a thesis is just hindsight - usually we're just reverse-engineering the pattern after watching it play out across a dozen companies.