Am I the only one who thinks this is a terrible advice? I have friends, long-term friends from kindergarden. I enjoy being with them but I would not start a company with them for several reasons. What does this say about the friendship?
Edit: Does anyone know this reasons for giving that advice?
There's more context at https://github.com/charlesfeng/startup-school-2013/blob/mast... - "You shouldn't even make friends with people you don't see starting a company with — why bother? You only have so many best friends, so use those resources wisely."
Thanks for the context. The additional context does not really make the statement any better IMHO.
Starting a company with one of your friends has a lot of "drawbacks". If your friend is underperforming by a huge margin you often don't want to risk the friendship by telling the truth.
Some of my friends have nothing to do with tech or business - most of them enjoy a very low risk way to live (employed with the state or county for example) and don't want to do it any other way. I enjoy a little bit of risk in my live. :) This different way of living does not make my friends any worse or better...
Before Dropbox, there were 100 cloud storage companies, half of which were VC funded. But Dropbox knew the problem better than anyone else, focused on making the actual use of space easier, and disrupted the existing solutions who were merely trying to compete on economy (offer more space and/or charge less)
This is a very true piece of advice in many ways.
(1) If there are "no" competitors, there is likely no market;
(2) There can be many competitors, but no "competition" if you execute well
(3) You need true insight to pull off #2
(4) A good screen is (3), and in the presence of (2) a huge market opportunity for an investor.
(5) Talent drives (3) more than age; but experience matters
(6) Corralary to (5) is rare experience has value in the context of (3)
The idea, as I understood it, was that you have a very limited amount of time on this earth, so you should (in general) avoid spending time or other resources on building deep relationships with people that you can't rely on.
I have amazing friends that I can rely on - friends of over 2 decades that would literally give their lives for mine. But they'd make horrible business partners. They aren't self motivated in the way they'd need to be. They require the structure of a 9 to 5.
I get the sentiment of the quote - that you need trustworthy cofounders - but it's a really odd and incorrect way to phrase it.
That's absurd. What about the friend who always makes you laugh but happens to be a bit of a slacker? Dispose of him? Let's all be miserable and uptight then.
"You shouldn't be friends with people who you wouldn't start a company with."
(Made by Phil Libin / Founder, Evernote, CoreStreet) https://docs.google.com/document/d/1Xo99mjzc4nyK3J4_GBiba_Kz...
Am I the only one who thinks this is a terrible advice? I have friends, long-term friends from kindergarden. I enjoy being with them but I would not start a company with them for several reasons. What does this say about the friendship?
Edit: Does anyone know this reasons for giving that advice?