Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

>This is why everyone who is smart about raising money for ventures underpromises and overdelivers. The opposite, overpromising and underdelivering, is a road to hell.

The vast majority of startups fail! From a financial point of view, most startups look a lot like Ponzi schemes; the difference is that startup investors know it's risky.



And if you're doing it right you're telling them the whole time about how the ship is sinking. The Ponzi don't have that




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: