>Tip for acquirers: when a startup turns you down, consider raising your offer, because there's a good chance the outrageous price they want will later seem a bargain.
Well, this is obvious in hindsight. The same logic applies saying "Tip for YC: when you turn down a startup, consider letting them in, because there's a good chance startup will later become a unicorn".
This is not a strawman argument because is there really a "good chance" when you consider the odds of startups and the value distribution.
Well, this is obvious in hindsight. The same logic applies saying "Tip for YC: when you turn down a startup, consider letting them in, because there's a good chance startup will later become a unicorn".
This is not a strawman argument because is there really a "good chance" when you consider the odds of startups and the value distribution.