𝓓𝑎𝑛𝑖𝑒𝑙𝑙𝑒 𝓕𝑜𝑛𝑔, 𝕖𝕩-𝕡𝕣𝕠𝕕𝕚𝕘𝕪 Retweeted Paul Graham
Don't be afraid of well funded competitors. If anything, be afraid of people working intensely who do not need funding at all. But rather, be these people *yourself* and, work to outpace the consequences of your *success*https://twitter.com/paulg/status/1254399491911880706 …
𝓓𝑎𝑛𝑖𝑒𝑙𝑙𝑒 𝓕𝑜𝑛𝑔, 𝕖𝕩-𝕡𝕣𝕠𝕕𝕚𝕘𝕪 added,
Paul GrahamVerified account @paulg
Founders worry too much about highly funded competitors. Usually funding matters less than the founders' ability. In the short term, a highly funded competitor can hurt you by e.g. lowering prices. But if you survive long enough, it will ultimately become a test of ability.
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6:22 AM - 26 Apr 2020
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