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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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    Paul Graham‏Verified account @paulg 21 Apr 2017

    Actually it's rather flattering for Silicon Valley that people are surprised when a startup sells a bogus product.

    1:45 AM - 21 Apr 2017
    • 28 Retweets
    • 167 Likes
    • Tom Matta Aneesh Pappu Phaneendra Rao Oliver Emberton Jaoued Ahmed Nischal サワディカー William Taysom Somnath Meher
    8 replies 28 retweets 167 likes
      1. New conversation
      2. Eric Dykstra‏ @Eric_Dykstra 21 Apr 2017
        Replying to @paulg

        People are surprised that a bogus product was funded for $120 million, not that it was created. Plenty of trash that gets under $1 mil.

        1 reply 0 retweets 5 likes
      3. Paul Graham‏Verified account @paulg 21 Apr 2017
        Replying to @Eric_Dykstra

        In that case their surprise comes from misunderstanding that it's companies, not individual products, that VCs fund.

        1 reply 0 retweets 8 likes
      4. Varun Fatehpuria‏ @varunfatehpuria 21 Apr 2017
        Replying to @paulg @Eric_Dykstra

        VCs fund cos -> cos develop products -> so by providing $$ your'e encouraging them to create a prod. I'm sure VC dont blindly give them $$$.

        1 reply 0 retweets 0 likes
      5. Varun Fatehpuria‏ @varunfatehpuria 21 Apr 2017
        Replying to @varunfatehpuria @paulg @Eric_Dykstra

        2/ and so if you may argue, cos are a good proxy of what prod. they might create.

        0 replies 0 retweets 1 like
      6. End of conversation
      1. Colin Percival‏ @cperciva 21 Apr 2017
        Replying to @paulg

        I'm never surprised when startups sell bogus products. But usually I'm disappointed when people buy them.

        0 replies 1 retweet 7 likes
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      1. vijaygkg‏ @vijaygkg 21 Apr 2017
        Replying to @paulg

        if paul graham funded a gig & they sold a bogus product, I might feel surprised or betrayed,no? Its really abt who's funding them

        0 replies 0 retweets 1 like
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      1. some sorta savage‏ @atthatmatt 21 Apr 2017
        Replying to @paulg

        Yeah, when the East coast is stupid or malicious everyone's​ just like "whadya expect?" SV is actually kinda supposed to be excellent to all

        0 replies 0 retweets 0 likes
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      1. Diana Zink‏ @DianaZink 21 Apr 2017
        Replying to @paulg

        If they start with an idea (not a prototype) the sales pitch can get ahead of the laws of physics and markets. Operational VCs should filter

        0 replies 0 retweets 0 likes
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      1. sunuk‏ @sunuk 21 Apr 2017
        Replying to @paulg

        Theranos

        0 replies 0 retweets 0 likes
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      1. Ran Reichman‏ @ranreichman 21 Apr 2017
        Replying to @paulg

        Actually i'm not sure it's flattering, could mean that startups aren't working on ambitious enough ideas

        0 replies 0 retweets 0 likes
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      1. Derek Chia  🦄‏ @DerekChia 21 Apr 2017
        Replying to @paulg

        Bogus product like @juicero ?

        0 replies 0 retweets 0 likes
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