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by mrb 2980 days ago
«don't care if Moxie or god himself is the lead of the project»

By this attitude, you would have failed to correctly value the potential of early Amazon (because "an online bookstore is not worth $X.")

One of the core principles of YC is that the value of an early-stage company mostly depends on the founders, not the initial idea (as it can change.)
1 comments
moe 2980 days ago
> potential of early Amazon

Except this is not "early Amazon".

This is someone promising to build a mini-Amazon on AWS.

link
mrb 2980 days ago
Again, the initial idea—mini-Amazon or whatever—doesn't (really) matter. It will evolve. It will change. The company may pivot. The valuation reflects the potential of the founder's skills, relentlessness, overall vision, track record, etc.
link