Am I the only one who thinks this is a terrible advice? I have friends, long-term friends from kindergarden. I enjoy being with them but I would not start a company with them for several reasons. What does this say about the friendship?
Edit: Does anyone know this reasons for giving that advice?
There's more context at https://github.com/charlesfeng/startup-school-2013/blob/mast... - "You shouldn't even make friends with people you don't see starting a company with — why bother? You only have so many best friends, so use those resources wisely."
Before Dropbox, there were 100 cloud storage companies, half of which were VC funded. But Dropbox knew the problem better than anyone else, focused on making the actual use of space easier, and disrupted the existing solutions who were merely trying to compete on economy (offer more space and/or charge less)
This is a very true piece of advice in many ways.
(1) If there are "no" competitors, there is likely no market;
(2) There can be many competitors, but no "competition" if you execute well
(3) You need true insight to pull off #2
(4) A good screen is (3), and in the presence of (2) a huge market opportunity for an investor.
(5) Talent drives (3) more than age; but experience matters
(6) Corralary to (5) is rare experience has value in the context of (3)
The idea, as I understood it, was that you have a very limited amount of time on this earth, so you should (in general) avoid spending time or other resources on building deep relationships with people that you can't rely on.
[+] [-] LinaLauneBaer|12 years ago|reply
"You shouldn't be friends with people who you wouldn't start a company with."
(Made by Phil Libin / Founder, Evernote, CoreStreet) https://docs.google.com/document/d/1Xo99mjzc4nyK3J4_GBiba_Kz...
Am I the only one who thinks this is a terrible advice? I have friends, long-term friends from kindergarden. I enjoy being with them but I would not start a company with them for several reasons. What does this say about the friendship?
Edit: Does anyone know this reasons for giving that advice?
[+] [-] ghiculescu|12 years ago|reply
Doesn't sound like a fun way to live.
[+] [-] 001sky|12 years ago|reply
This is a very true piece of advice in many ways.
(1) If there are "no" competitors, there is likely no market;
(2) There can be many competitors, but no "competition" if you execute well
(3) You need true insight to pull off #2
(4) A good screen is (3), and in the presence of (2) a huge market opportunity for an investor.
(5) Talent drives (3) more than age; but experience matters
(6) Corralary to (5) is rare experience has value in the context of (3)
[+] [-] canttestthis|12 years ago|reply
[+] [-] austenallred|12 years ago|reply
[+] [-] ruang|12 years ago|reply
Does anyone know what does Jack Dorsey use exactly? Evernote would make sense although he didn't say so specifically.
[+] [-] streeter|12 years ago|reply
[+] [-] Miyamoto|12 years ago|reply
Ouch. Not everyone is an MBA. I'm guessing that note is exaggerated or out of context.
[+] [-] notduncansmith|12 years ago|reply
[+] [-] _pius|12 years ago|reply
[+] [-] namenotrequired|12 years ago|reply
[+] [-] yashness|12 years ago|reply
[+] [-] phildini|12 years ago|reply
[+] [-] Patrick_Devine|12 years ago|reply
[+] [-] bilalhusain|12 years ago|reply
https://docs.google.com/document/d/1Xo99mjzc4nyK3J4_GBiba_Kz...