This is so spot on. When who are are trying to impress are “bankers” you aren’t doing justice to the product or service. This is the inherent dillusion of good design potential in scores of startups out there.
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Well that’s any job really. Employers are the worst at this with their “promotions” even tho it just means that their margin of ROI on you is higher and you should go somewhere else.
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Could this also be spun as another reason why having success as founder before becoming active VC is helpful? Can reduce need for validation and allow one to acknowledge the level of randomness/luck that can drive venture-scale outcomes.
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what are some examples?
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Yep kind of learned that last night from a guy that built giant profit with no VC and still gets the FOMO from people who seem to think taking VC is the measure. So great to find founders that can say - huge growth don’t need it
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I call these false proxies - Series A graduation rate, quality of follow-on investor, and total capital raised by company. The problem is, the loop is so long, this is the best there is.
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Why not just acknowledge that there is no data and live in/with that truth. It's more honest
End of conversation
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what to do while waiting on the world to change and the messages to be read and replied to...performing for each other (and getting validation) is the social version of twiddling your thumbs; like twiddling identities to get laughs and eventual alliances
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