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	<title>Comments on: Calling YCombinators: Lessons from a “Serial First-Timer”</title>
	<atom:link href="http://gigaom.com/2008/04/04/ycombinator-2/feed/" rel="self" type="application/rss+xml" />
	<link>http://gigaom.com/2008/04/04/ycombinator-2/</link>
	<description>Tracking the Internet Evolution</description>
	<pubDate>Sat, 11 Oct 2008 18:27:15 +0000</pubDate>
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		<title>By: To YC or to VC? That is my question&#8230; &#171; FoundRead</title>
		<link>http://gigaom.com/2008/04/04/ycombinator-2/#comment-875575</link>
		<dc:creator>To YC or to VC? That is my question&#8230; &#171; FoundRead</dc:creator>
		<pubDate>Fri, 11 Apr 2008 07:30:12 +0000</pubDate>
		<guid isPermaLink="false">http://foundread.com/?p=673#comment-875575</guid>
		<description>[...] a repeat founder and  serial YCombinator and this is my story &#8212; about the virtues of micro-loans and “entre-sumers” and what [...]</description>
		<content:encoded><![CDATA[<p>[...] a repeat founder and  serial YCombinator and this is my story &#8212; about the virtues of micro-loans and “entre-sumers” and what [...]</p>
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		<title>By: Denny K Miu</title>
		<link>http://gigaom.com/2008/04/04/ycombinator-2/#comment-875570</link>
		<dc:creator>Denny K Miu</dc:creator>
		<pubDate>Mon, 07 Apr 2008 23:31:22 +0000</pubDate>
		<guid isPermaLink="false">http://foundread.com/?p=673#comment-875570</guid>
		<description>Dear Abdullah:



Thanks for the compliment.  My intent of writing down my own experience is not to come up with a cookbook for success, but rather trying to lay the framework for more discussion.  I think in the end, there is no guarantee for success.  But I believe there are things that we can do to maximize our chance of success (or minimizing suffering of others).



If one think of a startup as a transducer which converts energy of one form into energy of another, then figuring out how to match the impedance of the two medium should be the key.  And of course the condition for optimal impedance matching exist when there is a resonance, not when there is a dissonance.



The discovery of such resonances is worth a lifetime of experimentation.  Good luck.



--Denny--</description>
		<content:encoded><![CDATA[<p>Dear Abdullah:</p>
<p>Thanks for the compliment.  My intent of writing down my own experience is not to come up with a cookbook for success, but rather trying to lay the framework for more discussion.  I think in the end, there is no guarantee for success.  But I believe there are things that we can do to maximize our chance of success (or minimizing suffering of others).</p>
<p>If one think of a startup as a transducer which converts energy of one form into energy of another, then figuring out how to match the impedance of the two medium should be the key.  And of course the condition for optimal impedance matching exist when there is a resonance, not when there is a dissonance.</p>
<p>The discovery of such resonances is worth a lifetime of experimentation.  Good luck.</p>
<p>&#8211;Denny&#8211;</p>
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		<title>By: Abdullah Anwar</title>
		<link>http://gigaom.com/2008/04/04/ycombinator-2/#comment-875574</link>
		<dc:creator>Abdullah Anwar</dc:creator>
		<pubDate>Mon, 07 Apr 2008 21:46:56 +0000</pubDate>
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		<description>I really learned a lot from you Denny, a lot of things that you mentioned are really essential when leading companies.  I really liked the team building vs. bread building concept.</description>
		<content:encoded><![CDATA[<p>I really learned a lot from you Denny, a lot of things that you mentioned are really essential when leading companies.  I really liked the team building vs. bread building concept.</p>
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		<title>By: Denny K Miu</title>
		<link>http://gigaom.com/2008/04/04/ycombinator-2/#comment-875572</link>
		<dc:creator>Denny K Miu</dc:creator>
		<pubDate>Fri, 04 Apr 2008 15:24:26 +0000</pubDate>
		<guid isPermaLink="false">http://foundread.com/?p=673#comment-875572</guid>
		<description>Justin:



I do not disagree with your comment.



I guess the bigger point that I am trying to make is that entrepreneur has two sets of responsibilities, one to self and one to others.



As an individual, I am obviously not motivated solely by money. Money is important but it is not the most important. I got up at 6:15 am this morning (as in most mornings) wanting to make a positive contribution to the World. But that's a private thing. And if we don't have this level of aspiration, we couldn't survive an entrepreneur anyway.  By the way, if we care only about money, then only the wrong people would buy into our vision so it would have been a short career.



But an entrepreneur has a public responsibility as well and that was what I was trying to emphasize in the article. I am guilty for over-stating the point but I think it is an important point for most first-time entrepreneurs.



Thanks for the comment.



--Denny--</description>
		<content:encoded><![CDATA[<p>Justin:</p>
<p>I do not disagree with your comment.</p>
<p>I guess the bigger point that I am trying to make is that entrepreneur has two sets of responsibilities, one to self and one to others.</p>
<p>As an individual, I am obviously not motivated solely by money. Money is important but it is not the most important. I got up at 6:15 am this morning (as in most mornings) wanting to make a positive contribution to the World. But that&#8217;s a private thing. And if we don&#8217;t have this level of aspiration, we couldn&#8217;t survive an entrepreneur anyway.  By the way, if we care only about money, then only the wrong people would buy into our vision so it would have been a short career.</p>
<p>But an entrepreneur has a public responsibility as well and that was what I was trying to emphasize in the article. I am guilty for over-stating the point but I think it is an important point for most first-time entrepreneurs.</p>
<p>Thanks for the comment.</p>
<p>&#8211;Denny&#8211;</p>
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		<title>By: Justin</title>
		<link>http://gigaom.com/2008/04/04/ycombinator-2/#comment-875576</link>
		<dc:creator>Justin</dc:creator>
		<pubDate>Fri, 04 Apr 2008 14:35:40 +0000</pubDate>
		<guid isPermaLink="false">http://foundread.com/?p=673#comment-875576</guid>
		<description>Interesting read Denny, and some great points. However I have to disagree with your comment that entrepreneurs "must focus entirely on making money". History (and research) suggests that money is not the over-riding factor motivating entrepreneurs and people wanting to build great companies. The book 'Built To Last' deals with this in detail. What I think differentiates entrepreneurs is their desire to create something original and of 'value' (not necessarily 'profit'). Look at it another way, if your driver is profit, you'd be happy to pursue any start-up with good financial prospects. That simply won't work. And that's certainly not an entrepreneur. Money is important, and helps you realise dreams, but the 'intangibles' are significantly, significantly more important.</description>
		<content:encoded><![CDATA[<p>Interesting read Denny, and some great points. However I have to disagree with your comment that entrepreneurs &#8220;must focus entirely on making money&#8221;. History (and research) suggests that money is not the over-riding factor motivating entrepreneurs and people wanting to build great companies. The book &#8216;Built To Last&#8217; deals with this in detail. What I think differentiates entrepreneurs is their desire to create something original and of &#8216;value&#8217; (not necessarily &#8216;profit&#8217;). Look at it another way, if your driver is profit, you&#8217;d be happy to pursue any start-up with good financial prospects. That simply won&#8217;t work. And that&#8217;s certainly not an entrepreneur. Money is important, and helps you realise dreams, but the &#8216;intangibles&#8217; are significantly, significantly more important.</p>
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