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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 7 May 2017

      It would be better if investors gave no reason when they turned cos down than their usual "it's not you, it's me" reasons.

      10 replies 72 retweets 212 likes
      Paul Graham‏Verified account @paulg 7 May 2017

      I've seen so many otherwise smart founders mistakenly try to adjust their companies after bogus rejections from investors.

      11:36 PM - 7 May 2017
      • 47 Retweets
      • 172 Likes
      • Scott Won Jun Choi Scott Weisman Skimic Ugochi Margo Aaron Alfredo "Tommy" Espinoza nothing to add Jeanne Scott Edward Walker
      7 replies 47 retweets 172 likes
        1. New conversation
        2. Paul Graham‏Verified account @paulg 7 May 2017
          Replying to @paulg

          Next time you hear "It's a crowded market," or "We're concerned about your low margins," just translate them to "No."

          11 replies 54 retweets 210 likes
        3. Paul Graham‏Verified account @paulg 8 May 2017
          Replying to @paulg

          Example of a startup in (what was) a crowded market: Google. Example of a startup with low margins: Amazon.

          13 replies 71 retweets 234 likes
        4. Jeremiah Lowin‏ @jlowin 8 May 2017
          Replying to @paulg

          Your advice appears to be based exclusively on survivorship bias. Being in a crowded market does not transform you into Google.

          1 reply 0 retweets 0 likes
        5. Paul Graham‏Verified account @paulg 8 May 2017
          Replying to @jlowin

          Was that what I meant?

          1 reply 0 retweets 8 likes
        6. Jeremiah Lowin‏ @jlowin 8 May 2017
          Replying to @paulg

          You say "crowded market" is a "bogus rejection" and present Google as evidence; argument is only valid if Goog success was related to market

          1 reply 0 retweets 0 likes
        7. Paul Graham‏Verified account @paulg 8 May 2017
          Replying to @jlowin

          No. To work as a counterexample, all Google has to do is succeed despite being in a crowded market.

          1 reply 0 retweets 4 likes
        8. Jeremiah Lowin‏ @jlowin 8 May 2017
          Replying to @paulg

          You're really saying Google's success despite being in a crowded market means that ALL investor criticism based on crowded markets is bogus?

          2 replies 0 retweets 0 likes
        9. Paul Graham‏Verified account @paulg 8 May 2017
          Replying to @jlowin

          No, specifically that rejecting a company for being in a crowded market is. That being how counterexamples work.

          3 replies 0 retweets 4 likes
        10. 4 more replies
        1. New conversation
        2. David Hodge  🚀‏ @DavidHodge 7 May 2017
          Replying to @paulg

          I remember hearing "believe the answer but not the reason." Think that still holds?

          1 reply 0 retweets 3 likes
        3. David Hodge  🚀‏ @DavidHodge 7 May 2017
          Replying to @DavidHodge @paulg

          Or is this about certain kinds of lame investor answers only?

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Atul Jha‏ @koolhead17 7 May 2017
          Replying to @paulg

          Smart founders keep knocking doors, don't get lost with petty advices. Ex: Airbnb founders. :)

          0 replies 0 retweets 1 like
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        1. New conversation
        2. Adam Roberts FIAP‏ @AdamR0berts 8 May 2017
          Replying to @paulg

          Peter Thiel, said competition is for losers, build a monopoly; wants FB to be the last social network. Monopolies are for future losers

          1 reply 0 retweets 0 likes
        3. Adam Roberts FIAP‏ @AdamR0berts 8 May 2017
          Replying to @AdamR0berts @paulg

          Don't be a monopoly, instead be the best in the industry, with lots of competition.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Adam Roberts FIAP‏ @AdamR0berts 8 May 2017
          Replying to @paulg

          Adjusting is required in some instances. Especially when you have people in the industry that want to be the only company in that industry.

          0 replies 0 retweets 0 likes
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        1. Graeham Douglas‏ @Graeham 8 May 2017
          Replying to @paulg

          I've found when you start getting contradictory advice from people to use respect, you're close to the right path.

          0 replies 0 retweets 0 likes
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