“If you’re afraid of competition, you just shouldn’t be a founder”
There is so much we get into in our final PandoMonthly, beyond the clips we’ve already posted this week.
Lordy, do we debate high burn rates and when they make sense and when they do not. And whether the existence of Steve Jobs (in terms of being a jerk) and Jeff Bezos (in terms of it being OK to burn, burn, burn) means the average entrepreneur should embrace either strategy.
We also talk about the recent Fidelity mark downs of companies like (Sequoia funded) Dropbox. And at one point in the Q&A Lin tries to say it’s as hard to be an entrepreneur in Silicon Valley as anywhere and I lose my shit.
Watch and enjoy. (And then buy a ticket to Pandoland for more)