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> Magic was selected to win the space What does that even _mean_? Yes they have money. Can they execute using it? Who the hell knows? Can they execute better
by peteretep 12y ago
> Magic was selected to win the space
What does that even _mean_?
Yes they have money. Can they execute using it? Who the hell knows? Can they execute better than some kids whose uncle gave them £20,000? Maybe, or maybe they'll piss it up against the wall on some stylish offices and seats.
- flyinglizard 12y agoThey can pivot, refine, experiment and endure temporary setbacks in a way that would kill those kids with their uncle's money. Their margin of error is incredible compared to someone bootstrapping. Obviously this has a flip side as well - they might be too lenient and careless. But money is a major factor, always. That said, I'm not saying they have won - they've just been marked by Sequoia to do that. That's a hefty thing. We don't like to admit it because its painful, but the cool kids with the VC money, get the hype, the coverage, the big names C-level executives and the follow investment that are needed to win big. Many fail, but this is how you build a first rate startup.