I thought that story was cool, but I was intrigued why he felt demo day was so important to their success. If anything, writings from Sam Altman and Paul Graham

I thought that story was cool, but I was intrigued why he felt demo day was so important to their success. If anything, writings from Sam Altman and Paul Graham encourage one to focus on customers and product and ignore everything else. They could have privately taken those LOIs to VCs and ended up with the same funding.