[zallarak]

This doesn't make sense.

1. The top 3% seed-stage investors are killing it. 2. This seems to be engineered for the bottom 90% of investors. To squeeze out some yield. But venture capital is ruled by the power law. 3. Forcing seed stage tech founders to think about this complexity makes no sense.

[hinkley]

I can’t speak to the rest of the things some of you are talking about, but I can speak to this.

It really sucks realizing you’re at a 90% company instead of a 10% company. Statistically speaking you’ve not only worked for one of those, but you’ve worked for two or more in a row. Pain is information and sooner or later everyone tries to act on it. There may be nothing that can be done. Or maybe there’s another undiscovered strategy out there to make a YC for the 90%. Or even just the 25% would be huge news. People are going to search high and low for a way out. And some will continue even if someone proves mathematically that it’s impossible.

(You haven’t lived if someone hasn’t asked you to solve an uncomputsble problem, or offered to let you solve one NP-complete problem in lieu of an easier NP-complete problem).

[dustingetz]

What is to fix? Gamblers gonna gamble, humans gonna human, markets measure sentiment, both sides of the market [founders and investors] violate the 7 deadly sins all day long – greed, pride, lust, envy, sloth, wrath, gluttony – all of it

[hinkley]

If I knew that, I’d be too busy to converse on hacker news.

I think the world would be better off if we had an 80/20 rule like the rest of the world seems to. But slow companies also deserve a bit more respect for finding the 20% in the 80%. I think that’s half undiscovered territory and half a shift in perception.

[tyre]

Slow companies can find that 20%, it's just that they can't raise $2m at a $12m valuation from seed-stage venture capital. The risk/return doesn't make sense.