Paul Grahm on startups …
Techcrunch recently put up this interview with Paul Graham (the one who thinks painters and hackers are alike). Some comments that I found interesting …
“it’s an interesting data point that a company with $88,000 in funding can even compete against one with $2.8 million. That could not have happened before the web.”
“experience so far suggests that figuring out how to make money from something popular is a lot easier than making something popular.”
“We print it on T-Shirts: “Make something people want.” If you had to reduce the recipe for a successful startup to four words, those would probably be the four.”
“Most of the great startups seem to have begun with something the founders wanted: Google, Yahoo, Apple, even Microsoft.”
In general he speaks about the uselessness of having a business model without a good idea, how google is beatable, and how doing something that you like to do is more important than what you think the market might want you do.
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