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I agree with the article that since startups are pass/fail, the founders must due whatever they have to do to succeed. Marc Andreesen says to even take that hig
by ycmike 13y ago
I agree with the article that since startups are pass/fail, the founders must due whatever they have to do to succeed. Marc Andreesen says to even take that highly diluted fourth round to get to product/market fit and increase your chances of success. http://www.stanford.edu/class/ee204/ProductMarketFit.html http://www.stanford.edu/class/ee204/ProductMarketFit.html
- dclowd9901 13y agoThat's because mark andreesen has the investment money to benefit from you making that choice.
- ycmike 13y agoAgain startups are pass/fail. So what can he benefit if they fire you and bring some professional CEO who tanks the company? The truly big outcomes come from the founder who stays and does well (Apple, Google, Facebook, etc) That is why they stared Andreesen Horowitz http://www.bhorowitz.com/why_we_prefer_founding_ceos http://www.bhorowitz.com/why_we_prefer_founding_ceos
- rodgerd 13y ago"Venture capitalist says you should always follow his business plan" non-shocker.
- ycmike 13y agoWhat he says is you should get to product/market fit. If you don't get there then whatever business plan you have will fail and so will you. When Aaron dilutes himself massively he does so to buy time to get to product/market fit. Only by dong so can he later turn on the growth engine and know that users will stay and love the product. A top VC knows that he can never trick a founder into making him a large exit. The founder just needs the "right" plan, not "his" plan.