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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
      Show this thread
    2. Mayuresh Masurekar  💎‏ @Mayuresh500 26 Apr 2020
      Replying to @paulg

      I worry that highly funded competitors can hire better talent- engineers, designers, product managers- and beat me by making a better product

      6 replies 3 retweets 59 likes
    3. Paul Graham‏Verified account @paulg 26 Apr 2020
      Replying to @Mayuresh500

      Would you rather work for a mediocre founder who'd raised a lot of money, or a great one who'd raised less?

      28 replies 5 retweets 191 likes
    4. Ed Holder‏ @JustEdHolder 26 Apr 2020
      Replying to @paulg @Mayuresh500

      It's a trick question. If by "less" we mean "not enough", then why can't the great founder raise enough money? Isn't that part of the job, hence what would contribute to their greatness? But, if less includes enough, then there's no dilemma here: go with great.

      2 replies 0 retweets 8 likes
      Paul Graham‏Verified account @paulg 26 Apr 2020
      Replying to @JustEdHolder @Mayuresh500

      There are at least three ways great founders might have raised less: if they chose not to raise as much, if VCs misjudged them, and if they were in a place where there wasn't as much VC to be had.

      6:49 AM - 26 Apr 2020
      • 6 Retweets
      • 46 Likes
      • stranger Extraño محمد الدوسري Mohammed Aldossary Somnium Jim O'Flaherty ash bhoopathy Omo Ikazoboh Mehul Mohan Ayush 🌪️
      2 replies 6 retweets 46 likes
        1. New conversation
        2. Ed Holder‏ @JustEdHolder 26 Apr 2020
          Replying to @paulg @Mayuresh500

          Fair, though the first implies "enough" raised and the 2nd that various (perhap many) VCs with enough capital to give the mediocre founder "a lot" somehow consistently missed the other founder's greatness. But, to the spirit of your question... 1/2

          1 reply 0 retweets 1 like
        3. Ed Holder‏ @JustEdHolder 26 Apr 2020
          Replying to @JustEdHolder @paulg @Mayuresh500

          ...as with most everything, it's a matter of degree. How great & how much money? Money can be an insane advantage, even if only for hiring greatness the next level down (leadership). A meaningful money advantage is just hard to beat save for extraordinarily rare greatness. 2/2

          0 replies 0 retweets 2 likes
        4. End of conversation
        1. Somnium‏ @Somnium_co 26 Apr 2020
          Replying to @paulg @JustEdHolder @Mayuresh500

          Also if your product is superior that means it cost less as well so less funding is required. Innovation is the key not the budget imho

          0 replies 0 retweets 0 likes
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