Dalton: Investors often believe that founders don't need these ground truth. He says when the runway gets down to about 12 months, "the magical thinking starts fading" When someone's back as against the wall, quality of their decisions get much better, he says.
Dalton Caldwell and Michael Seibel talk about OpenSea, Gusto, and the importance of building simple products that solve a real problem.
To create Rookies Mistakes we asked YC founders: Is there a simple fact you wish you knew when you started your company or a rookie mistake you wish you could take back?
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