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by rumpelstiltskin 4945 days ago
"It’s called due diligence."

And this is called talking out of one's ass. It's easy to armchair quarterback from a cozy cubicle at Pando HQ. When you run an actual company, especially as a solo founder, you'll realize how thin your bandwidth gets stretched. Unless it's core, you adopt a 'cross that bridge when you get there' mentality. Which is exactly what Apoorva did here.

Seriously, once you go down the 'due diligence' road, there are a million things to check up on. Focus on the core to get up and running, fix things as they break and worry about the rest later.

1 comments

Couldn't agree more. When you are a startup founder you are often times inventing a new way of doing something. Often there are no pre-written rules, you make them up as you go along and you find yourself doing things previously thought to be unthinkable. Most problems do have a work-around. I will not be surprised if in 2 weeks this founder solves this trivial problem by going to locally owned stores and working out a cash-flow arrangement (independently owned stores will be delighted by the lead-gen).
I would agree that it's easy to armchair quarterback but I think it's reasonable to say that this should have been expected or at least had come up in ANY standard analysis of potential risks when evaluating a startup that delivered alcohol. If you've bought alcohol, you would know that there are legal requirements to sell it. It's no different than considering other factors that could affect a delivery service like liability if your drivers get in a car accident or tax issues around reselling groceries, etc.