The Ledger
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Founders do not need initial passion for their startup idea
“So I don't think you need to be passionate about an idea in the beginning, which is sort of controversial in my opinion, but you actually do see founders grow into something.”
Perceived YC quality decline stems from international deals US VCs cannot fund
“What has gone up is YC has done more international deals. So from a lot of VC's perspective, those deals are just not doable. And so the batch size has, let's say, another 20 or 30 African Indian deals. I don't think those are bad companies, and some of them a…”
VCs should avoid seed extensions because bridge rounds rarely succeed
“But in general, I think you should stay away from it from the VC standpoint. Just to, they just tend to go nowhere, like Maple said.”
Aspiring VCs can perform analyst duties before getting hired
“I mean, it's actually possible for you to basically act like an analyst associate at a fund without getting a job. You can meet with founders. You can write market maps. You can basically do the job. You can send over these deals to VCs, and you'd be surprised…”