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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Replying to @paulg
It’s fascinating that founders can be stronger in general yet worse at fundraising. Though seemingly luck has a ton to do with fundraising success.
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I’m 0 for 9 at raising money and startup competitions. I don’t think it’s bad luck (maybe a tiny bit). It’s my personality and how and what I present. There is definitely a personality type for the person who kills it at raising money but cannot do operations.
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Replying to @Molson_Hart @paulg
If it’s any consolation, I think it’s a learned skill. Though some people are better at it naturally.
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I think some people who are good operationally are bad in presentation by choice. Pride needs to be swallowed there and some people aren't willing to do that.
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Replying to @Molson_Hart @paulg
Well, not to be a jerk here but I'd say: If one is unwilling to put your pride aside (e.g. sacrifice) then one shouldn't be surprised to not succeed. Of course, it's not that simple but has some merit I think.
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Not being a jerk. I agree with you totally. People who are too proud to do the things necessary to succeed in a presentation sleep in the bed they make, myself included.
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