Not even the Viaweb or YC balance sheet?
I have never read a business plan or balance sheet
21–30 of 346 posts
Re: I have never read a business plan or balance sheet
#22He invests in seed rounds where those often go down the drain.
The things that matter at this stage are:
Founders and general market size. So sure, ignoring the noise of those two makes sense.
Re: I have never read a business plan or balance sheet
#23A) I call BS on "never". It's one thing to not consider them, but another to say never ever. And what does that say if he's truly never even read one? B) This isn't something to be proud of, and certainly not something others should emulate. Ignorance isn't what makes you successful. (likewise, neither is millions of data points). c) Business plans and balance sheets are still very useful and applicable, and fair to…
I think they're very useful and applicable. But they are basically irrelevant to evaluating startups for YC. The stage those startups are at, the exact amount of money they have at that given point in time doesn't really affect anything; YC also has a standard "this is the implied valuation we'll fund you at" rather than actually evaluating the details of "what does the business look like now". Similarly, the business plan is also less relevant for evaluating a startup for YC: knowing what the founders are building and how they see it is what's relevant, not the details of market analysis and monetization strategy.
Re: I have never read a business plan or balance sheet
#24The ignorance-arrogance combine. Like bragging about failing math classes in middle school.
He's probably exaggerating. But there isn't much point reading a start-up's balance sheet. It is signal-free.
Re: I have never read a business plan or balance sheet
#25Can’t read what he says as I was blocked years ago. I had expressed the mildest degree of cynicism one can possibly express in response to a straight up lie.
Re: I have never read a business plan or balance sheet
#26The ignorance-arrogance combine. Like bragging about failing math classes in middle school.
Considering PGs track record if investing in very early stage start ups (better than anyone else in the world), you should probably consider your own arrogance here.
Re: I have never read a business plan or balance sheet
#27The ignorance-arrogance combine. Like bragging about failing math classes in middle school.
This is so aptly named. Is this a common naming?
Re: I have never read a business plan or balance sheet
#28that might work at the seed level but not when investing in the stock market
obviously, at the early stage growth will matter more than the balance sheet
Re: I have never read a business plan or balance sheet
#29Can’t read what he says as I was blocked years ago. I had expressed the mildest degree of cynicism one can possibly express in response to a straight up lie.
incognito mode
Re: I have never read a business plan or balance sheet
#30The ignorance-arrogance combine. Like bragging about failing math classes in middle school.
>Like bragging about failing math classes in middle school
like bragging about failing at math and then succeeding hugely at something math-related