YC Lecture 9- How to Raise Money(Marc Andreesen, Ron Conway, Parker Conrad)
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Summary
👉 In this lecture, Marc Andreessen, Ron Conway, and Parker Conrad discuss what they look for when deciding to invest in a founder or a company.
👉 They emphasize the importance of a strong leader who is passionate about their product and has good communication skills.
👉 They also highlight the need for founders to have a clear plan for reducing risks and achieving milestones as they raise money.
👉 The investors advise founders to be cautious when choosing investors, seeking those with relevant expertise and a strong network.
👉 They stress that raising money should not be the main milestone for a company and that founders should focus on building a successful business.
Highlights
- The importance of a strong leader and good communication skills when investing in a founder or a company.
- The venture capital business is a game of outliers, with a few companies generating most of the returns.
- The need to invest in strengths rather than focus on shortcomings.
- The benefits of building a business that can be self-sustaining without relying solely on raising money.
- The significance of trust and open communication in the investor-founder relationship.
