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Ask HN: Thoughts on davemcclure Twitter rant
PG response: https://pbs.twimg.com/media/B_11Z1RWEAAptKo.png
How do founders feel about this? Of course we all want to create win situations for all but what are other solutions?
- pedalpete 12y agoHere's a link to Dave McClure's feed at this point, rather than the image. https://twitter.com/davemcclure/status/575740698391134208 https://twitter.com/davemcclure/status/575740698391134208 Sam Altman's response is in there, I don't see anything from PG, so not sure why you have PG response, unless you're PG is not meaning Paul Graham. I think McClure's point has a small bit of validity, but Altman's response really hits it on the head. As a VC he knows 7 out of 10 investments aren't going to return, 2 will return at 1.yX (not sure what why is) and the last one will return 50++X. Investors of course don't want to loose money, but they are supposed to be out there getting big fish, not trying to grab all the minnows.
- doppenhe 12y agothe image was from PG's twitter but it looks like he deleted it. and +1 to your response - it came off as whiny from McClure 10 seconds after he said he was a greedy capitalist. What gives? All for everybody acting in their best interest but seems hypocritical of him the way he presented the rant. I do believe founders should look our for early investors - but thats what pro rata rights should be used for.