Subtle real advantage nobody talks about: if founders can access deeper pools of capital early/quickly, they can get bigger faster without spawning lots of competitors.
If your startup is real, pitching Sand Hill is sometimes like giving away copies of your treasure map
This advice is seldom given because most of the time and for most founders, you are still better off talking about your idea as much as possible to better understand where the dead ends are in the idea maze. Can’t do that in isolation.
Asking investors what is hot is usually less useful than asking what has worked, and what didn’t work and why? That’s how you can skip ahead and avoid death.
“All I want to know is where I’m going to die so I’ll never go there.” —Munger
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Doing YC more than pays for the 7% equity you give up
When you combine that with the clear speed up and community that helps you (and that your % likelihood of success goes up a lot more too) this means YC is clearly worth it
The “avg ARR” stat is completely useless as a metric because the vast majority of YC startups start with just an idea or with no revenue. This means the vast majority of ARR at YC demo day pitches was done in 10 weeks
Your avg non-YC deal has revenue from 10 months not 10 weeks
Objects in motion stay in motion.
Objects at rest stay at rest.
Net net as an investor you want to be in the startup that grows fast (slope) instead of has a high ARR number (y intercept)
In 2019 The Richmond Democratic Club honored her with some kind of award alongside Peter Lauterborn, a manager in the SF Ethics Dept
Having friends in the Ethics dept is awfully handy if your political machine might need the dept to look the other way
This was the same event with a truly rotten cast of corrupt politicians including Allison Collins who was recalled for making instruction worse for kids, removed Algebra from middle schools and merit from Lowell (and calling Asians house n-words)
The difference between an overhyped startup failure and a valuable real business that makes it the long haul is sometimes as simple as:
Do the founders themselves believe in what they are doing to the point where they will not quit?
This is where definite optimism matters: If startup ideas were people…
an indefinite optimist looks for more optionality, searching around the room at the party for the more interesting person to talk to.
A definite optimist engages deeply and finds themselves engrossed in the person they are talking to now.
For their startup, the problem or way to solve becomes a calling. It isn’t just words to trick people into giving them capital or to come work for them.