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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 26 Apr 2020

      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.

      74 replies 424 retweets 2,316 likes
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      Paul Graham‏Verified account @paulg 26 Apr 2020

      There have been cases where a highly funded startup used the money to kill off all its competitors. But not that many. And the highly funded startup often had the more able founders. There are few cases of highly funded mediocre founders beating underfunded great ones.

      6:25 AM - 26 Apr 2020
      • 28 Retweets
      • 268 Likes
      • Omkar Batra Cameron Brain earthtobishop Daniel Glauser Pat Whelan St Ξv Ξ Somnium Sasha Korman AndChen
      12 replies 28 retweets 268 likes
        1. Paul Graham‏Verified account @paulg 26 Apr 2020

          So in one sentence, the strategy for dealing with highly funded competitors is: survive long enough to make it a test of ability. (This advice applies to more than startups.)

          22 replies 84 retweets 585 likes
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        2. VK‏ @wavetovk 26 Apr 2020
          Replying to @paulg

          WeWork?

          1 reply 0 retweets 0 likes
        3. Frankie S.‏ @FrankieS2727 Feb 3
          Replying to @wavetovk @paulg

          .....True.. w.e happened to WeWork? I used to follow them, but now it seems they dissipated from the news. I go to their offices from time to time though..

          0 replies 0 retweets 0 likes
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        1. 4tian‏ @4tian 26 Apr 2020
          Replying to @paulg

          Absolutely. A good idea at the right time usually wins

          0 replies 0 retweets 0 likes
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        1. Felice Giovanni‏ @FeliceForAll 26 Apr 2020
          Replying to @paulg

          Name NAMES

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        1. Ruben Izmailyan‏ @rubendinho 26 Apr 2020
          Replying to @paulg

          The last assertion is a bit curricular though. If the “mediocre founders” beat the “underfunded great ones”, then that contributes to the lore of their greatness and the great ones become considered mediocre.

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        1. Nolan  🚀 👉 ❤ :/  ⛄!‏ @sneakin 26 Apr 2020
          Replying to @paulg

          Will give credit to @BillGates for having his biggest competitor pay for Microsoft's start.

          0 replies 0 retweets 1 like
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        1. Jon Sine  🧢‏ @RonPauliticsJS 26 Apr 2020
          Replying to @paulg

          Survivorship bias

          0 replies 0 retweets 0 likes
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