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Yes: become tougher and more ambitious, and less self-indulgent. Probably the single most important change is to overcome the fear of failure that makes one ac
by pg 15y ago
Yes: become tougher and more ambitious, and less self-indulgent. Probably the single most important change is to overcome the fear of failure that makes one accept early, small acquistion offers. It's hard to turn down an early offer for a few million, but every successful startup has.
- staunch 15y agoYou said in FAW that you would have sold Viaweb for peanuts if you had the opportunity. Luckily the low offers fell through. Why not add a new fund to YC for the purpose of partially cashing out founders, as an alternative to them selling early? This seems to be a missing component from the "what would have helped us at Viaweb" strategy.
- pg 15y agoWe have been actively encouraging later stage investors do to this, and it is now very common.
- yters 15y agoCan you elaborate on toughness? I.e. not pushed around as much by potential buyers, users?