4 ms·
I don't know if I would call this a flattering portrait of a founder. The article makes it sound like Holmes's Ahab-like focus borders on monomania, fitting int
by Jun8 11y ago
I don't know if I would call this a flattering portrait of a founder. The article makes it sound like Holmes's Ahab-like focus borders on monomania, fitting into the well-known model of obsessed founder.
On a different note, though, one thing that jumped to me was this:
"Her parents let her use the money they'd saved for her education as her first seed round of funding."
I applaud this decision and wish more parents would consider this option. Note that based on her academic history this not a wild gamble by her parents but a good bet, well within acceptable risk levels. More parents need to ask their children: "Do you want me to spend ~$60k per year for an Ivy League undergrad (e.g. Stanford http://college-tuition.startclass.com/l/4518/Stanford-University http://college-tuition.startclass.com/l/4518/Stanford-Univer...) or do you want me to invest part of that $240k in your company? Admittedly not for everyone, but when it works the payoff is huge.
The question becomes, I think, rhetorical for MS and PhD.
- anigbrowl 11y agoOn the other hand, if you don't have rich parents then good luck trying to use your college loans/grants as seed capital, or to attract VC funding if you don't come from a socially privileged background. It's not impossible (obviously as quite a few HNers have done just that) but it's much more difficult than it sounds.
- erobbins 11y agoIndeed. I don't think my $0.00 in college money would have gotten me very far.
- Nicholas_C 11y agoThen why not just dig into your trust fund and leverage your parents' business connections for funding? Stop making excuses.
- MaysonL 11y agoIsn't this essentially how Gates financed the purchase of DOS?