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Comment by jacquesm | Hacker News Reader

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jacquesm·

Exactly. It's FOMO rather than anything tangible, which can work quite well as long as you don't mess up completely.

Anybody remember color.com?

https://www.fastcompany.com/3002341/color-failed-what-happen...

I don't think Bill Nguyen would be able to repeat that sort of raise.

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I find that a lot of articles shared on HN along the lines of "This is how you do X" conveniently cherry picks anecdotes from the perspective of an individual blind to their own intrinsic edge and attempts to generalize which poses many problems for the average reader.

For example, charging people before you make a software product. Very rarely can you convince someone you never met over the phone or email to give you money for something that doesn't exist yet but this is apparently what you need to do as an average joe.

I never understand one point. I am using bunch of paid services and many free services. For paid services, I am paying from first day but in case of free services when they start charging I find alternatives.

It’s funny in life that a person who may not be able to that type raise again doesn’t need to do one (ie. has enough money to never work again)

He already had achieved that when he did the 'Color' thing. I think plenty of these serial entrepreneurs raise money for the PR and validation reasons, not because they actually needed the money to begin with.

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