There are some phenomenal products in some of the companies that were overfunded and are haunted by past decisions. The valuations at which these companies raised capital set them on the wrong path - a path that fails to attract and reward critical talent, a path that incentivizes excess expenditure for growth at the expense of structuring a... See more
Old habits die hard. At YC I would give a lot of advice to founders, so it’s hard not to offer a few thoughts for anyone building a venture-backed silicon valley company.
First: it is your responsibility to have a direct conversation with your customers, constituents, potential employees—whoever. Even if it’s personally taxing,... See more