7Figures2Commas

150 ms·

1141.
by 7Figures2Commas 14y ago
I won't argue that a venture capitalist can't be a useful ally, but it's a mistake to overestimate how much assistance they can really provide when you need it most. Venture capitalists doing their jobs owe their loyalty to limited partners
1142.
by 7Figures2Commas 14y ago
It's naive to make blanket statements about entrepreneurs. "Entrepreneurs" are not a homogenous group. It appears the author believes that entrepreneurs generally are overconfident, find insolvency to be an acceptable outcome so long as the
1143.
by 7Figures2Commas 14y ago
Filters should be created and maintained based on their efficacy, not on how easily they can be applied. Yes, it's impossible to interview every applicant, but a company focused on minimizing time spent and resources used instead of maxim
1144.
by 7Figures2Commas 14y ago
The problem the Winklevoss twins have is that they seem to be placing a bet on what they believe will be a long-term secular trend through an instrument that is extremely volatile and better suited to speculation, and that will probably con
1145.
by 7Figures2Commas 14y ago
If you look at the job descriptions on facebook.com/careers for technical positions, all of the development roles I see listed require a) a college degree, b) a specialized skill set no entry-level candidate would bring to the table and/or
1146.
by 7Figures2Commas 14y ago
I don't think Ryan has forgotten the reality of supply and demand. I think it's more basic than that: he is totally overestimating the demand. Yes, there are entry-level developer positions that pay $40,000, and more. However I think you'll
1147.
by 7Figures2Commas 14y ago
I think it depends on what "take risks" means. Not all risk is equal, and you can't fully assess risk without looking at an individual's personal situation. The bad news is that measuring risk accurately can be difficult. People overestimat
1148.
by 7Figures2Commas 14y ago
1. San Francisco is a tech boom town. That means as a half-decent developer you're practically guaranteed a job. Until you're not. A lot of people learned this the hard way in the late 90s. 2. It's ironic that the author recognizes most sta
1149.
by 7Figures2Commas 14y ago
This post merely highlights an important fact many entrepreneurs who are looking to raise capital ignore: you're not in control of your own destiny. If you can't move forward in building your business without investor money, you're forced t