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People are really good at rationalizing things that make them rich. A founder’s earnest feelings about their business’s externalities should never be taken at f
by freewilly1040 6y ago
People are really good at rationalizing things that make them rich. A founder’s earnest feelings about their business’s externalities should never be taken at face value.
- renewiltord 6y ago> A founder’s earnest feelings about their business’s externalities should never be taken at face value. Maybe that's your strategy to VC investing. I don't think it's particularly good to apply a zero or negative coefficient to this trait. But that's okay, the market shall speak on this one.
- cambalache 6y agoThe market only cares about money.
- renewiltord 6y agoYes, exactly. And determining leading indicators of what will make money is hard. I think smart people will put non-zero positive coefficients on the earnestness that YC is talking about here.