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Investor Stories 356: Lessons Learned (Rueckert, Tunguz, Rotman)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
Believe in the Product, Not Just in the People Behind It
The speaker shares a valuable lesson from an early career setback where they lost an entire investment in a company. They realized the importance of being emotionally connected to the product itself rather than solely relying on the opinions and reputation of others, even if they are highly respected individuals. This experience taught the speaker to believe in the product rather than just in the key figures associated with it.
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