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Depends how many total founders there are, and whether the one we were dubious about was CEO. I don't think we'd fund a co if we didn't like the CEO. Whereas
by pg 14y ago
Depends how many total founders there are, and whether the one we were dubious about was CEO. I don't think we'd fund a co if we didn't like the CEO. Whereas if there were 3 founders and we disliked one who wasn't the CEO, it probably wouldn't be a problem.
Incidentally, you are probably overestimating the degree to which you'd lower their chances. We often fund groups on the nth try. PagerDuty was those guys' fourth try. Even Dropbox was Drew's second try.
- 6thSigma 14y agoIs applying n times with n different ideas worse than applying n times with the same idea? Or is there not much difference?
- pg 14y agoBetter.
- orangethirty 14y agoIn the case of solo founders, what do you do?
- pg 14y agoDrew was a single founder the second time he applied.
- dragos2 14y agoHere's Drew's application http://dl.dropbox.com/u/27532820/app.html http://dl.dropbox.com/u/27532820/app.html. It's a good read.
- manidoraisamy 14y agoIt is on Google docs ;)