This one's interesting to me, because it seems like they had done all the right things, had a real product, and worked really hard (I think I remember Graham sa

This one's interesting to me, because it seems like they had done all the right things, had a real product, and worked really hard (I think I remember Graham saying she worked as a cleaner part time during YC). Without knowing any of the specifics, this seems to be a good correction of a couple threads of thought. Most notably, startups are not a science, and not every business that is technologically lagging will be drastically changed by a modern tech platform. It really comes down to value. Seems so simple but I think the startup community would do well to incorporate the importance of creating value in their pedagogy.