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I find interesting the part where PG says that a startup either makes its founders rich either goes down, and basically discards the possibility that it ends up
by S4M 11y ago
I find interesting the part where PG says that a startup either makes its founders rich either goes down, and basically discards the possibility that it ends up to be just enough to pay its founders a good salary. I think it can be a pretty nice outcome but then again YC must select founders who are very ambitious.
- pc86 11y agoIt has to do with what YC selects for in part, but no startup in the PG sense of the word (hyper growth, mass adoption/virality, high risk) would ever give the founder(s) a good job and nothing more. YC is not in the business of pulling off $30k a year in draws from a sustainable business. You have the big exist or you shut it down and try something else. There's no middle ground, which is part of why "startup" has a very specific definition, and why YC doesn't invest in SMBs.