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> The argument was that this current company is already "well established" and might already have momentum to expand into the area we proposed. Makes you wonde
by gyro_robo 20y ago
> The argument was that this current company is already "well established" and might already have momentum to expand into the area we proposed.
Makes you wonder why they dragged you out there then!
- BrandonM 20y agoI would guess that they liked the applicants (based on the applications) and wanted to see if they had any other ideas that they would be interested in pursuing.
- RyanGWU82 20y agoOr they didn't realize just how directly the new company would compete with their existing portfolio company.
- gyro_robo 20y agoExcept that for this round pg said you don't need an idea in order to apply. That implies that they'll help decide on an idea if they like the founders, so an idea conflict should be resolvable by switching to something else pg et al. have in mind.
- blader 20y agoLet me just say this: "the idea doesn't matter" is a statement that we found to be highly, highly unreliable. Don't expect to get funded without a solid idea that is different. I'll elaborate on this later, but trust me on this one.