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Ask HN: Thoughts on davemcclure Twitter rant

1 pointsby doppenheabout 10 years ago
PG response: https:&#x2F;&#x2F;pbs.twimg.com&#x2F;media&#x2F;B_11Z1RWEAAptKo.png<p>How do founders feel about this? Of course we all want to create win situations for all but what are other solutions?

1 comment

pedalpeteabout 10 years ago
Here&#x27;s a link to Dave McClure&#x27;s feed at this point, rather than the image. <a href="https://twitter.com/davemcclure/status/575740698391134208" rel="nofollow">https:&#x2F;&#x2F;twitter.com&#x2F;davemcclure&#x2F;status&#x2F;575740698391134208</a><p>Sam Altman&#x27;s response is in there, I don&#x27;t see anything from PG, so not sure why you have PG response, unless you&#x27;re PG is not meaning Paul Graham.<p>I think McClure&#x27;s point has a small bit of validity, but Altman&#x27;s response really hits it on the head. As a VC he knows 7 out of 10 investments aren&#x27;t going to return, 2 will return at 1.yX (not sure what why is) and the last one will return 50++X.<p>Investors of course don&#x27;t want to loose money, but they are supposed to be out there getting big fish, not trying to grab all the minnows.
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