To those having fun saying "pop", contribute value not onomatopoeia.
The clearest message in PG's letter is simply "The startups that really get hosed are going to be the ones that have easy money ... So don't be that startup."
If you have a viable business then you can either a) proceed without venture capital or b) prove yourselves enough that you'll get the terms you need. Yes, (a) may make you move slower, and (b) means that potentially brilliant ideas that have a bright side just past the edge of horizon are more difficult to get off the ground, but this has always been the case.
One of my mentors always quotes "you don't know the value of your captain until you hit turbulent waters". These are our turbulent waters. For those of you ready for it, this is a time of opportunity.
The clearest message in PG's letter is simply "The startups that really get hosed are going to be the ones that have easy money ... So don't be that startup."
If you have a viable business then you can either a) proceed without venture capital or b) prove yourselves enough that you'll get the terms you need. Yes, (a) may make you move slower, and (b) means that potentially brilliant ideas that have a bright side just past the edge of horizon are more difficult to get off the ground, but this has always been the case.
One of my mentors always quotes "you don't know the value of your captain until you hit turbulent waters". These are our turbulent waters. For those of you ready for it, this is a time of opportunity.