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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You are a reverse Adam Neumann :)
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haha thank you
9:33 AM - 26 Apr 2020
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