Raising money especially from VC works in a strange fashion. As in medical practice a doctor believes other doctor. Similary VC firms believer or trust previous entreprenuers whether its a good idea or bad idea. I am not saying YC idea is bad. PG is a very smart individual who succesfully sold his company to Yahoo (I have lot of respect for him). I am talking in general.
If you see all the CEO's get shuffled around even if they are bad. Similary all the previous succesfull founders and enterprenuers get their funding from VC's easily. You cannot pin on a single point that they got 2 million funding from a top notch VC firm, it should be good idea. Rather I will say Sequoia trusted PG easily then you or me because he already proved himself.
Heh. Suppose a CEO pretty much single-handedly runs a company into the ground and ensures its failure shortly after he leaves - but he also wins the investors a tidy exit. Is he a good CEO? :-)
Comments
Raising money especially from VC works in a strange fashion. As in medical practice a doctor believes other doctor. Similary VC firms believer or trust previous entreprenuers whether its a good idea or bad idea. I am not saying YC idea is bad. PG is a very smart individual who succesfully sold his company to Yahoo (I have lot of respect for him). I am talking in general. If you see all the CEO's get shuffled around even if they are bad. Similary all the previous succesfull founders and enterprenuers get their funding from VC's easily. You cannot pin on a single point that they got 2 million funding from a top notch VC firm, it should be good idea. Rather I will say Sequoia trusted PG easily then you or me because he already proved himself.
Heh. Suppose a CEO pretty much single-handedly runs a company into the ground and ensures its failure shortly after he leaves - but he also wins the investors a tidy exit. Is he a good CEO? :-)
-t