Altman: Passing on follow-on rounds over price is his biggest investing error
Sam Altman · Uncut Interview with Sam Altman on Masters of Scale [Audio] · Y Combinator · Feb 23, 2018 · at 55:41
In an interview with Reid Hoffman, Y Combinator president Sam Altman reflects on investing failure modes and what he considers his greatest career embarrassments.
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“The painful one is the other kind of error where you're like, you know, this company's gonna suck, and then it goes on to be really successful. And the most painful version of that of all for me is when I'm already an investor in the company, they ask me to put more money to a future round, and I say the price is too high, and I'm not gonna do it, and that has happened, you know, many, many times, but that, that is, those are the most embarrassing errors to me.”
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