"The uncomfortable conclusion most angels do not say out loud: a large percentage of seed-funded PMF is not PMF but FMF (founder-market fit) combined with enough early customer goodwill to produce metrics that clear the bar. The product may be fine, the founder is exceptional but the pull is not there.

This could still be fundable at seed. The bet is that the product catches up to the founder before the founder burns out carrying it."

"Angels confuse founder quality with product quality and often fund the wrong thing.

A strong founder who is personally closing customers, personally managing relationships, and personally rescuing churn is demonstrating something real. Their ability to sell, their commitment to the company and their capacity to hold things together in early chaos. These are not small things as they matter for survival.

But survival is not the same as scalability. And angel returns do not come from survival."

"The question: What percentage of your paying customers came back and paid again without any further involvement from you?"

DOGE is a group of thoughtless, self-serving goons whose only tool is blunt force. Fck each and every person who put vengeful, childlike, draft-dodging, felonious Trmp in office.

Hmm. Perfection is not possible on Day 1, but the status quo isn't perfect either.

I expected handwaving instead of answers to my questions and that's what I got.

This is encouraging!

“…what I witnessed in Indonesia. Across the country’s 17,000-odd islands, domestically consumed plastic is so mishandled that 365 tons of it are believed to enter the sea every hour.

And yet, deep in the highlands of Java, there are hellscapes of imported Western waste — toothpaste tubes from California, shopping bags from the Netherlands, deodorant sticks from Australia — stacked knee-high as far as the eye can see.

Too voluminous to even attempt to recycle, it is used as fuel in scores of bakeries that supply Java’s street markets with tofu, a culinary staple. The result is some of the most lethal cuisine imaginable, with poisons from incinerated Western plastic ingested hourly by great numbers of Indonesians.…”

Respectfully, that MAY be the case today, but not necessarily tomorrow (where the puck is going)

It will become the case when we will have confidence that it will provide expected output and be able to fix unexpected output if/when it comes up.

Excerpt: “…Losing one’s home in a fire is devastating, with the first priority being to find somewhere to live. The trauma is then compounded by the onerous requirement of most insurance carriers to submit an exhaustive list of lost belongings — “with line items as specific as the number and brand of toothbrushes in a bathroom,” according to a report about unfair insurance practices.…”

NYT article: https://www.nytimes.com/2025/02/06/realestate/altadena-la-fi...

Good idea. Thank you @codingdave. I just did that, but it's not showing up yet.