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Venture Hacks Jul 17 11
Before product-market fit, find passion-market fit. Building a product is a process, not a discrete action. And the Internet is efficiently arbitraged. Every single simple thing that can be done is being done, or has been done. The lesson of history is that product-market fit is very precise—one wrong tweak or slightly bad timing and [...]
We use very little email at AngelList. Most of our communication happens on Yammer, HipChat, Tracker and face-to-face. Every team member of AngelList is on a 6-year vesting schedule. Including the founders. Why? Because it takes a long time to build something important. The entrepreneurial age will be as important as the industrial age and the information age. In the industrial and information ages, we learned how to put physics and information to great use. For an entrepreneur, if it is possible to make it better, she must make it better. If it is possible to make it more accessible, she must make it more accessible. The AngelList team is roughly organized into 1-(wo)man startups. That means we expect you to treat your project like a startup. AngelList “corporate policy” is that team members should ask forgiveness, not permission. We would rather have someone do something wrong than ask permission to do it. “He cares deeply about… the advancement of humankind, and putting the right tools in their hands.