It could be interpreted in several ways, and you're choosing the worst possible way to argue against. And you're totally overlooking the fact that his career su

It could be interpreted in several ways, and you're choosing the worst possible way to argue against. And you're totally overlooking the fact that his career success since the very start of YC has hinged entirely on giving good advice to startups and focusing on the right things. You might think that after 17 years and countless successful companies, we might just think twice about presuming ignorance or malice in what he's saying. The point of this tweet is just that balance sheets don't determine outcomes for early stage startups; good products and excited users do. Balance sheets matter later. Many of the teams PG invested in were not even incorporated when he invested in them.