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As Michael has said in one of the shows getting to PMF is a miracle. If you’re already set for life it’s less risky to play the odds by investing in hundreds of
by light_triad 3y ago
As Michael has said in one of the shows getting to PMF is a miracle. If you’re already set for life it’s less risky to play the odds by investing in hundreds of startups rather than starting one. Also there’s altruistic motives in giving back to the community etc.
- jjtheblunt 3y agoWhat is PMF ?
- phantompeace 3y agoProduct Market Fit
- deleted 3y ago[deleted]
- prasoonds 3y agoProduct Market Fit. Basically, can you find through iteration something that people really want and are willing to pay for
- fuzzy_biscuit 3y agoProduct Market Fit
- arbuge 3y ago> If you’re already set for life it’s less risky to play the odds by investing in hundreds of startups rather than starting one. Risky is not the word I would use to phrase that, at least not in the financial sense. There's little such risk there, "if you're already set for life" as you said. More comfortable, for sure. Easier. PG has said as much himself on X several times when asked whether starting a company or investing was harder.
- light_triad 3y agoI agree with you I meant reputational risk and the amount of output per level of input. It's hard to be as hungry once you've 'made it' or at least, your drive changes. Arguably at that level you can have more impact as a mentor of a large number of domain experts doing great work rather than trying to becoming one yourself.