
Saved by Lillian Sheng
Dominance Friction
Saved by Lillian Sheng
Most of these companies are examples where both power and equity splits between founders were unequal. In general, equal power sharing yields worse outcomes than having a dominant cofounder (or at least one who emerges as dominant once a company starts working). Founding a company is hard, and having a cofounder helps balance the work and stress of
... See moreA company that best frames a problem is the company that often comes to define and take the category. Put another way: winning companies today market the problem, not just the solution.
VC business model isn't to build a traditional profitable business that beats the competition by providing a superior product/service for a competitive price. It is to dominate the competition by subsidizing the real cost to consumers, until you have taken over the market and can raise the price and lower the quality of the product/service.