Speaking as one of the technical crowd, it is hard to adjust to the fact that all of your skills put together contributes only a few percent to the success of a product.
It is obviously true, but it still takes a while getting used to :)
It is obviously true, but it still takes a while getting used to :)
That's the extent of my evaluation. And that's also why I'm not an entrepreneur. :)
There's a definite mismatch between the valuation function I (and a lot of us, I think) use and what the market uses which is addressed by the YC's of the world.
But the bottom line is I don't think pg should misconstrue the confusion (and sometimes frustration) as malice.