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by ycmike 4474 days ago
What he says is you should get to product/market fit. If you don't get there then whatever business plan you have will fail and so will you. When Aaron dilutes himself massively he does so to buy time to get to product/market fit. Only by dong so can he later turn on the growth engine and know that users will stay and love the product. A top VC knows that he can never trick a founder into making him a large exit. The founder just needs the "right" plan, not "his" plan.