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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    1. Paul Graham‏Verified account @paulg 10 Aug 2019

      A simple heuristic that will save inexperienced startup founders from several different types of mistakes: be really cheap. This will save you from hiring too many people, from renting a fancy office, and from growing by buying users instead of making great things.

      91 replies 1,152 retweets 4,850 likes
      Show this thread
    2. Paul Graham‏Verified account @paulg 11 Aug 2019

      If you raise from VCs, most will pressure you to spend faster. Partly because, as money people, they think money solves problems. But partly for a more sinister reason: so they can buy more of the company when you burn through this money and need to raise more.

      13 replies 121 retweets 928 likes
      Show this thread
    3. Paul Graham‏Verified account @paulg 11 Aug 2019

      If you're a young founder, VCs have a powerful weapon to convince you to spend faster. They can tell you it's amateurish to be cheap. That you're thinking small. Don't listen to them. Most famous founders were cheap.

      13 replies 171 retweets 1,200 likes
      Show this thread
      Paul Graham‏Verified account @paulg 11 Aug 2019

      It's hard to think of a YC company that was killed by being too cheap. But the number killed by spending too much seems endless.

      12:10 AM - 11 Aug 2019
      • 118 Retweets
      • 1,032 Likes
      • Justin Darcy Breck Yunits Donji Yamada-Dessert Ahjussi Product Jagaban ⚡️ Chinomso Uzoeto Mark Zhuk Kristoffer Tony Kim
      15 replies 118 retweets 1,032 likes
        1. Austin Ryder‏ @austnryder 11 Aug 2019
          Replying to @paulg

          When’s the next essay?

          0 replies 0 retweets 2 likes
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        2. Ivan Kirigin‏ @ikirigin 11 Aug 2019
          Replying to @paulg

          Being cheap can translate into being stingy with your stock, preventing key hires. The ideas meet in understanding that your early stock isn't actually valuable and you aren't actually being cheap in skipping the best early employees.

          1 reply 0 retweets 12 likes
        3. Paul Graham‏Verified account @paulg 11 Aug 2019
          Replying to @ikirigin

          Good point. I definitely don't mean that. Be generous with equity.

          0 replies 0 retweets 28 likes
        4. End of conversation
        1. New conversation
        2. Ξ‏ @erinkhoo 11 Aug 2019
          Replying to @paulg

          Raspberry Pi workstations for everyone! @Raspberry_Pipic.twitter.com/4pYRkGO0Dz

          1 reply 0 retweets 3 likes
        3. Jay Kelkar‏ @jkelkar 11 Aug 2019
          Replying to @erinkhoo @paulg @Raspberry_Pi

          With a rpi4 4GB it might actually work. That with remote editing using @code into a cheap vps. Say http://digitalocean.com .

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. New conversation
        2. Lizora Tech‏ @lizoratech 11 Aug 2019
          Replying to @paulg

          If it’s just a money game, big corporations will always be the winners.

          1 reply 0 retweets 0 likes
        3. Jay Kelkar‏ @jkelkar 11 Aug 2019
          Replying to @lizoratech @paulg

          It really helps if what you offer helps others to get ahead. Eventually value seems to trump “cool”. Like FB provides to advertisers.

          0 replies 0 retweets 1 like
        4. End of conversation
        1. Chris Eyre‏ @chriseyre2000 11 Aug 2019
          Replying to @paulg @JoelMarsh

          You can run a significant amount cloud infrastructure off of a credit card (beware the card is now a critical part and should be monitored).

          0 replies 0 retweets 1 like
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        2. Khaled Aly‏ @khaledealy 11 Aug 2019
          Replying to @paulg

          So do you always recommend starting small and coding yourself?

          1 reply 0 retweets 4 likes
        3. Youssef KH (ucefkh.eth)‏ @ucefkh 11 Aug 2019
          Replying to @khaledealy @paulg

          Yes! Instead of hiring like 5 people and you're just making a prototype... You don't even know how much effort everyone is putting and who needs to own how much equity and even how to handle progress issues. I think you could be a team of 3 co founders as maximum or solo

          1 reply 0 retweets 1 like
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