The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Friedman: Targeting Only Top-Tier VCs Is Suboptimal for YC Founders
“And we found that that is actually suboptimal for them because those firms have a low acceptance rate. And so if you spend all your time meeting with the top five firms and they all pass, then you're sort of stuck.”
Friedman: Traditional Weeks-Long Due Diligence Fails at YC Demo Day
“There are many investors who are used to taking their time with due diligence, which might be fine in other circumstances, but it simply doesn't work at demo day because there's so much activity happening. So you just can't take a couple of weeks to think over…”
Friedman: Monday Partner Meetings Cause VCs to Lose YC Deals
“That doesn't work great for demo day because demo day is traditionally on Monday and Tuesday, which means investors are making decisions Wednesday, Thursday, Friday. So if you're a VC and you can't make a decision until the following Monday, there's a decent c…”