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"It’s called due diligence." And this is called talking out of one's ass. It's easy to armchair quarterback from a cozy cubicle at Pando HQ. When you run an ac
by rumpelstiltskin 14y ago
"It’s called due diligence."
And this is called talking out of one's ass. It's easy to armchair quarterback from a cozy cubicle at Pando HQ. When you run an actual company, especially as a solo founder, you'll realize how thin your bandwidth gets stretched. Unless it's core, you adopt a 'cross that bridge when you get there' mentality. Which is exactly what Apoorva did here.
Seriously, once you go down the 'due diligence' road, there are a million things to check up on. Focus on the core to get up and running, fix things as they break and worry about the rest later.
- abbasmehdi 14y agoCouldn't agree more. When you are a startup founder you are often times inventing a new way of doing something. Often there are no pre-written rules, you make them up as you go along and you find yourself doing things previously thought to be unthinkable. Most problems do have a work-around. I will not be surprised if in 2 weeks this founder solves this trivial problem by going to locally owned stores and working out a cash-flow arrangement (independently owned stores will be delighted by the lead-gen).
- calbear81 14y agoI would agree that it's easy to armchair quarterback but I think it's reasonable to say that this should have been expected or at least had come up in ANY standard analysis of potential risks when evaluating a startup that delivered alcohol. If you've bought alcohol, you would know that there are legal requirements to sell it. It's no different than considering other factors that could affect a delivery service like liability if your drivers get in a car accident or tax issues around reselling groceries, etc.