Comment by pg
19 years ago
No, I'd been working on it for a while.
I'd been thinking of taking that footnote out, since it seemed like everyone now finally understood us. But when I saw that old dumb argument again in the USA Today article, I decided to leave it in.
I can't help but laugh at the audacity of another tech-related investment firm commenting like that. He is trying to persuade people that YC is just writing cheques.
I'm never sure whether such people are clueless or deliberately misleading. I'm inclined to give most the benefit of the doubt and say clueless. When you change the model for something, it takes people a long time to get what you're doing. I remember from web-based software.
Maybe this is not so innocent as I thought. Apparently Seth Levine is the partner of Brad Feld, the founder of Techstars:
http://www.foundrygroup.com/team.php
What a slimy move. It won't make any difference in the long run though.
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