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There's an important nugget in OP's pg rejection quote: "...you’d spend most of your time dealing with legal and regulatory crap. That sort of work doesn’t rea
by shimon 17y ago
There's an important nugget in OP's pg rejection quote:
"...you’d spend most of your time dealing with legal and regulatory crap. That sort of work doesn’t really take advantage of your skills.”
The truth is, when someone figures out how to work the regulatory environment in favor of their business, they'll have a defensible competitive advantage. Accomplishing that requires a skill that is usually not found in technology people, and explains why lobbyists and lawyers make a lot of money.
- pg 17y agoYes. This isn't a bad idea in itself; it just didn't seem a good idea for this specific group of founders. It was the same with Reddit's original plan for ordering food on cellphones. That would have been an ok idea for founders with $1m in funding and connections in the fast food business, but it wasn't such a good match for a couple college grads with (at the time) $12k in funding.