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> I have seen startups racking in seemingly endless funding only to be beaten by much smaller / less well funded competitors that happened to have better strate
by eeZah7Ux 6y ago
> I have seen startups racking in seemingly endless funding only to be beaten by much smaller / less well funded competitors that happened to have better strategy or execution
The usual rags-to-riches feel-good story.
Reality is more nuanced, and "worst-run startup can beat competitors if investors prop it up" is true most of the times.
- cryptica 6y agoExactly, the number of startups which have failed or never even got a chance to start because they had to compete with an unprofitable VC-backed unicorn is unfathomably greater.
- davidivadavid 6y agoHow do you know? It seems like the opposite cliché of "Endless VC funding leads to success over better alternatives" is just as much of a fantasy. After all, people with little marketing experience on Hacker News often believe a marketing budget is the only thing that separates huge success from complete failure. As you say, reality is more nuanced.