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20VC: Why Great Companies are Defined by How Many Things They Say No To, Why Being First Does Not Matter & Why Market Over Traction or Team is the Most Important Thing with Guillermo Rauch, Founder & CEO @ Vercel
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Importance of Choosing Battles Wisely in Business
A good VC should focus on finding and investing in the best companies, rather than trying to solve every problem. It's important to partner, push solutions to user space, and not enter every market. Waiting and holding can often lead to better outcomes. Apple's approach of selectively picking battles and markets is effective. It's crucial to let truth emerge from experiments and choose the right solutions. As a company matures, being right is more important than being first.
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