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But this is not what he said. If he said that, it would have been reasonable. Instead he claims to have never read a balance sheet, which doesn't seem likely, a
by trulyme 5y ago
But this is not what he said. If he said that, it would have been reasonable. Instead he claims to have never read a balance sheet, which doesn't seem likely, and even if it was true, it would not be very smart. Why avoid them until you read them and formed your own opinion?
Saying "I don't read those documents anymore" would have made sense too.
- biorach 5y ago> Instead he claims to have never read a balance sheet, It's pretty clear from the context that he means that he has never read the balance sheet of a company applying for VC funding as the information there is irrelevant at that time. It's highly unlikely, as the founder of several businesses, and long term investor in others, that he could have never read any balance sheet ever.
- trulyme 5y agoThis is not how I understand it. From the twitter thread: >> Have you ever written one though? > PG: I'm not sure. I wrote something for Viaweb that I called a business plan, but never having seen one, I didn't and still don't know if it contains what business plans are supposed to contain. It doesn't matter though. The title is clickbait at best. > It's highly unlikely, as the founder of several businesses, and long term investor in others, that he could have never read any balance sheet ever. Glad we agree.