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I recently spoke to a group of aspiring founders (not that I'm anything to aspire to, but they needed speakers!) and one of my slides was, 'recognise distortion fields'.

Techcrunch was my main example. A great resource, but needs to be absorbed with the right amount of perspective.



TANSTAAFL.

The next Microsoft is very unlikely to be a YC company because YC purchases meaningful equity upfront and its template is built to serve the needs of venture capital, e.g. demo days and more recently, convertible notes.

There's nothing wrong with that. There's nothing wrong with removing the beer goggles and acknowledging it, either.


I totally agree with this.




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