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I've been a technical advisor for several startups, I'd say that overall this advice is wrong.

Most startups stay in it way longer than they should.

I'm happy that things worked out in your example, but they generally don't. Mostly because founders reason with their feelings instead of applying logic, statistics and probabilities of success.




It really depends on what the end game is. Diplomacy?

Might make sense to wait and see what kind of rocks you find.




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