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Recent PG quotes: 1. So probably the limiting factor on the number of startups is the the pool of potential founders. 2. ...and they think "anyone could have
by fleaflicker 18y ago
Recent PG quotes:
1. So probably the limiting factor on the number of startups is the the pool of potential founders.
2. ...and they think "anyone could have done it." But that isn't true; they are not ordinary people.
3. Angels are the limiting reagent in startup formation.
#1 & #2 don't necessarily contradict #3. But it's interesting.
I like to think relentlessly resourceful/animal/not dead founders are limiting reagent.
- pg 18y agoThey're not quite contradictory. Number 1 is talking about the theoretical case where the economy reaches the maximum number of startups it can have, and number 3 is talking about the state of affairs now. At the moment, angels are the ingredient in shortest supply, but we are very early in the process.