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«don't care if Moxie or god himself is the lead of the project» By this attitude, you would have failed to correctly value the potential of early Amazon (becau
by mrb 9y ago
«don't care if Moxie or god himself is the lead of the project»
By this attitude, you would have failed to correctly value the potential of early Amazon (because "an online bookstore is not worth $X.")
One of the core principles of YC is that the value of an early-stage company mostly depends on the founders, not the initial idea (as it can change.)
- moe 9y ago> potential of early Amazon Except this is not "early Amazon". This is someone promising to build a mini-Amazon on AWS.
- mrb 9y agoAgain, the initial idea—mini-Amazon or whatever—doesn't (really) matter. It will evolve. It will change. The company may pivot. The valuation reflects the potential of the founder's skills, relentlessness, overall vision, track record, etc.