Loved this conversation from 2019 @briankoppelman and @pmarca. Riffing on entrepreneurs vs. artists, finding a scene, showmen, betting on people, pivoting.
stitcher.com/show/the-momen…
stitcher.com/show/the-momen…
"The world is busy. People don't wake up and say, 'I can't wait to find out what this person that I've never of has invented.' You have to inject yourself in the world. In our world, the successful people are the ones that are able to create and are able to push into the world."
Why @a16z doesn't invest in cold pitches aka "the test":
"If you can't get one inbound referral, that indicates you're going to have a hell of a time as an entrepreneur. Once you raise money from us, the pain begins. The pain of trying to get other people to say yes to you."
"If you can't get one inbound referral, that indicates you're going to have a hell of a time as an entrepreneur. Once you raise money from us, the pain begins. The pain of trying to get other people to say yes to you."
"People treat their ideas like their children. I think it's evolutionary. This is my offspring, the thing I want to protect and foster. Someone challenges your idea, you feel it. You get defensive.
Here's the problem: most of your ideas are wrong. Especially in my business."
Here's the problem: most of your ideas are wrong. Especially in my business."
"I don't know that there actually are VCs who can predict whether any given thing is going to succeed or fail. That might be zero of our contribution in the entire process...
Maybe we're actually in the people business, as opposed to the ideas business. Maybe what we should be trying to sniff out are the people. And maybe the point of sniffing out the people is the people are the ones who are going to figure all this stuff out."
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