Founders

perfect idea + bad execution = you lose
perfect execution + bad idea = you lose

^ do with this what you will.

prompting /bracky, playing /bracket, reading /greatbooks

Perfect execution + mediocre idea = you win

Perfect idea + mediocre execution = you lose 


Lesson in there

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

was hoping people would start extending this...

to push back a little – if the "idea" includes "being in the correct, exploding market", pmarca may argue that you can win there with mediocre execution (if "execution" is an extension of "team")

(searching for @dwr.eth walk and talk about his #1 advice to founders)

Nuance in all of this of course, but I don't think so.

I agree that in exploding markets bad execution can be papered over for awhile

But, over a long enough time horizon, execution will be the ultimate decider.

The winners will have had relatively perfect execution in that exploding market.

The losers will have fumbled the exploding market because of their execution.

This isn't identified until after the exploding market falters in some way, however.

Everyone is from somewhere. Cofounder and CEO of Pinata. https://www.pinata.cloud/

what do you think of this:
https://pmarchive.com/guide_to_startups_part4.html

ya i agree w/ kyle on this - market is a component of execution (not idea) bc good executors will take a thesis on a beachhead market and decide if it's good or bad quickly

then they'll find a new market

idea can stay the same/pivot slightly/drastically; but in the end, to me it feels its all execution behavior (guardrailed by good process)

not to "appeal to authority" (see vid) but it makes total sense to me to place market inside the idea. It's the water we put ourselves in before we start swimming through the months and years of work.

for example, we decided on the sports fandom market; secondarily the crypto primitives market. this has shaped everything we've attempt to execute, not to mention all the networks and reputation that we built along the way.

https://youtu.be/CBYhVcO4WgI?si=qyQSm8O5-Sr0A4Hz&t=306

agree execution can allow you to move to new idea faster

but still, the market you choose will be inside the idea imo:

agree execution can allow you to move to new idea faster

but still, the market you choose will be inside the idea imo:

https://farcaster.xyz/tldr/0xa2b25e22

not trying to be pedantic, it's actually kind of interesting / important how we frame it