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Justin is saying that VCs understand what's hot now, but are sometimes bad a predicting future value. So to founders, if you're creating value, keep going even

by jaz46 11y ago

Justin is saying that VCs understand what's hot now, but are sometimes bad a predicting future value. So to founders, if you're creating value, keep going even if VCs don't see the light yet. They'll come around.

minimaxir 11y ago
The haters-gonna-hate philosophy in Silicon Valley is starting to become a problem. There's a lot of luck involved in making a startup, and startups can fail for any number of reasons that no data can predict. The notion that if you do your best, you will succeed, is dangerous to naive entrepreneurs.
- maxmcd 11y ago
  The parent article contains this line: > "trust your numbers and growth to give yourself confidence in the face of rejection" I don't imagine the people that you're worried about this being dangerous for can always find comfort in their numbers and growth.
- kamaal 11y ago
  >>The notion that if you do your best, you will succeed, is dangerous to naive entrepreneurs. That is dangerous to any naive person in the world in any area of work. Doing your best, means your boss will look at you like a threat that you might take their job, or some political cartel in a big company will treat you like a pawn who does all their work, while their yes men reap benefits. Start ups are only a area of work where the heart burn is amplified because of a lot of work is done in a very short period of time.
- moistgorilla 11y ago
  >The notion that if you do your best, you will succeed, is dangerous to naive entrepreneurs. This isn't what he said in the article though. It's more about knowing your audience and the VCs in this case not knowing.
CPLX 11y ago
That may be. But when he invokes the 99% he has veered into incomprehensibility. His anecdote has literally nothing to do with the daily issues faced by 99% of startups, and more to the point, seems oblivious to the fact that nearly all of them will fail and return no money or equity sale to anyone, hater-fucking notwithstanding. I sort of understand the general message of self-confidence, but calling it the 99% renders it highly confusing.

by jaz46 11y ago

minimaxir 11y ago

The haters-gonna-hate philosophy in Silicon Valley is starting to become a problem. There's a lot of luck involved in making a startup, and startups can fail for any number of reasons that no data can predict. The notion that if you do your best, you will succeed, is dangerous to naive entrepreneurs.

maxmcd 11y ago
The parent article contains this line: > "trust your numbers and growth to give yourself confidence in the face of rejection" I don't imagine the people that you're worried about this being dangerous for can always find comfort in their numbers and growth.
kamaal 11y ago
>>The notion that if you do your best, you will succeed, is dangerous to naive entrepreneurs. That is dangerous to any naive person in the world in any area of work. Doing your best, means your boss will look at you like a threat that you might take their job, or some political cartel in a big company will treat you like a pawn who does all their work, while their yes men reap benefits. Start ups are only a area of work where the heart burn is amplified because of a lot of work is done in a very short period of time.
moistgorilla 11y ago
>The notion that if you do your best, you will succeed, is dangerous to naive entrepreneurs. This isn't what he said in the article though. It's more about knowing your audience and the VCs in this case not knowing.

CPLX 11y ago

That may be. But when he invokes the 99% he has veered into incomprehensibility. His anecdote has literally nothing to do with the daily issues faced by 99% of startups, and more to the point, seems oblivious to the fact that nearly all of them will fail and return no money or equity sale to anyone, hater-fucking notwithstanding. I sort of understand the general message of self-confidence, but calling it the 99% renders it highly confusing.