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You can s/VC/right network/ and I would still strongly disagree with your assertion that even if you're in the "right networks", that problems will get fixed.
by vecter 4y ago
You can s/VC/right network/ and I would still strongly disagree with your assertion that even if you're in the "right networks", that problems will get fixed.
Startups are fundamentally about finding product-market fit. No network can do the hard work of finding PMF for you.
Your claim seems to be that if you know the right people, you'll be successful. That's just flat-out wrong. So many startups are founded by people "in the right networks" and still fail. The vast vast vast majority of them do. How does knowing "the right people" (whoever this vague shadowy group of people are, I'm not even sure how you would define them) fix your problems for you?
Even more strangely, this has literally nothing to do with Figma. Like I stated earlier, they were successful because they worked on the right idea and executed flawlessly. What did their network do for them?
- spaetzleesser 4y ago“Your claim seems to be that if you know the right people, you'll be successful. That's just flat-out wrong.” With some of the high money acquisitions where one VC buys another VC company I definitely feel that there are cases where one investor does a favor for one of their buddies. Basically they bail them out.
- vecter 4y agoCan you give a few salient examples?