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Yes a bad team will screw up a bad idea, but if it was as simple as just backing good people then VCs would just give a bunch of cash to a good team and tell th
by danieltillett 9y ago
Yes a bad team will screw up a bad idea, but if it was as simple as just backing good people then VCs would just give a bunch of cash to a good team and tell them to go out and find something. YC tried this and it was a failure.
- rimliu 9y agoBad team can easily screw an good idea too.
- danieltillett 9y agoActually that is what I meant to say, but yes you are right :)
- ashraymalhotra 9y agoInterested to read more on the YC experiment where they gave money to just good teams and how was it a failure? Any references, please?
- hyperpallium 9y agoNot who you're replying to, but have a search on pg's essays on his site. What I took from it: if a team can't come up with an idea themselves and rally round it, there's something wrong with the team. It needn't be a very good idea. e.g. the reddit guys were excited about a delivery service idea (pet food? muffins? IDR). pg said no, and suggested the reddit/HN idea. But note that they had come up with an idea and rallied around it on their own. (Who knows, perhaps they would have made it work anyway?) Maybe it's a touch of mad passion/enthusiasm/optimism - not entirely rational - that is a key ingredient of an entrepreneurial team. Indicated by inventing and rallying round "some idea".