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'Most investors are "bottoms" in the sense that the startups they like most are those that are rough with them. When Google stuck Kleiner and Sequoia with a $75
by johnmartin78 19y ago
'Most investors are "bottoms" in the sense that the startups they like most are those that are rough with them. When Google stuck Kleiner and Sequoia with a $75 million premoney valuation, their reaction was probably "Ouch! That feels so good."'
I don't think I've read a funnier paragraph about venture investing. Brilliant observation.
- usablecontent 19y agoThe fact that PG has been a founder and an investor just helps things.
- owinebar 19y agoIt's not just investors. This is a good practice anytime you're trying to sell a big ticket item to a potential customer. It gives them permission to believe the price is worth it.