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by the_watcher
3417 days ago
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> I am going to make a guess that many of the strongest startups will be produced from this procedure. What's your definition of "strongest"? In terms of success measured by exit size, it's empirically untrue. Perhaps if you are measuring by failure rate, but even then, I doubt it. |
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FWIW, it can't be empirically true either. :-)
What I am saying is that starting off one's journey by taking money or going through an accelerator enters you into an efficient machine for building a startup in a specific way.
From what I have observed, entering this path often traps founders into thinking this is the one true way to build a startup. In reality, the paths to product-market fit are unknown. You often discover them through serendipity. Being rigid can cause you to miss them.
I am not saying a startup should never take money. Once a startup has discovered their magic, i.e. achieved product-market fit, then taking money and using it to scale is the right way to go.