treating a negotiation like war very rarely leads to long-term success, but is what many people do. my negotiation principles: be fair and reasonable, figure out what the other side most wants and give it to them, assume good intent, and minimize your side’s tribal instincts.
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Then why are YC founders coached to raise the money at the highest possible valuation? Genuine question, not just chiding, want to understand how that fits with this filter.
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Replying to @JordanGSutton
i coached them against this i think it sucks for everyone. surprisingly difficult to stop given market dynamics and people liking to compete for the highest valuation. maybe different now though!

Jun 25, 2022 · 8:11 PM UTC

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Replying to @sama
Thank you for responding. I have come across at least one recent YC company that was a great company, great founder, that the only issue was having to raise at too high a valuation to not do a down round, dead in the water. Things are changing though.
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Replying to @sama @JordanGSutton
Dear Sam @sama in order to build AGI , you and your coworkers/researchers need to work tirelessly day and night literally 24/7 , are you doing that?
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