Observation: most people are inflexible on "standard terms," which leads to amazing opportunities for the few who ARE flexible. E.g.: - If your competitors are open 9am-5pm, extended hours provide a monopoly - If Series A VCs need to own 20%, being okay w/10% provides a monopoly
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Replying to @lpolovets
Except Sequoia and Benchmark are incredible and least willing to compromise on series a ownership.
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Replying to @rabois
That's true, but somewhat tangential to what I said. I'm not saying being inflexible doesn't work -- it obviously does, esp if you're amazing at what you do. I'm saying being flexible when others aren't can unlock excellent opportunities.
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Replying to @lpolovets
Yes but often the inflexibility is the correct principle. So defying it is a mistake.
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Replying to @rabois @lpolovets
Offering flexible terms is a path to dictating inflexible terms, but it all has to end up inflexible in order to work at a large scale.
2:28 PM - 11 Apr 2019
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