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Why it is hard for VCs to say ‘no’ and why that ‘no’ could be good news for an entrepreneur

The Next Web

But if our website says that Credo invests in IT, Internet, mobile or healthcare startups predominantly in Central Europe, I just don’t feel obliged to respond to a gold mine in Mongolia or Australian TV production studio. Just look at the GitHub story prior to the investment from Andreessen Horowitz.

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Richie Norton on The Power of Starting Something Stupid

Life Beyond Code

For example, a woman from Mongolia wanted to start a cashmere company and had won the competition a couple years earlier. The rest is history as we know it. Some said I was “stupid” or “crazy” for going after this dream to help people start businesses in developing countries, but I persisted.

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Out of the Crisis #11: Jeremy Howard on the power of masks, health policy, and data science in medicine

Startup Lessons Learned

So by the time I got to McKinsey, they thought I was some magician, which is good because the rest of them used interviews and expertise and knowledge, which I didn't have any of those things. Mongolia, which I think had a law about requiring them. So data was my fallback. Eric Ries : What kind of evidence were you looking at?