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They 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 incredib
by flyinglizard 12y ago
They 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.