Joel Spolsky, founder of StackExchange and Fog Creek Software, at Y Combinator Startup School on October 20, 2012. Presented in Stanford Memorial Auditorium by Y Combinator and the Stanford Technology Ventures Program.
Absolutely right ... create a profitable small scale business first before jumping onto hefty VC money loaded business. most of the VC funded businesses are financial scams.. nothing to do with actual customer value
