Ryan Petersen

PG himself really liked and likes Flexport and was telling investors, you should invest in this company, which is kind of controversial.

YC Partners, I think they're a little better about it now than they used to be, but they would kind of pick, choose favorites, and, hey, that's the game, you know?

It's business.

It's not a socialist project.

We're here to, like, find the best businesses and back them.

But it is...

I try to tell every founder, you're going to go into YC.

You're not there to have fun.

You're trying to be the best.

And it is a competition.

Sure, make friends with them.

I'm sure Michael Phelps is friends with the other swimmers too.

But you're trying to beat them on some level.

His main thing is not, he doesn't look at the downside and what could go wrong.

He only looks at what could go right and how big and awesome could this be in the best case scenario and what should you do to make that happen.

And that's like for a seed investor, the obviously correct way because the losers don't matter.

All that matters is you get the power of all winners that do 100,000 X or whatever their best deals have done for them.

Again, I was really lucky because we were in his last batch.

And he announced like halfway through the batch that he was stepping down and Sam was taking over, but he kept running the batch the whole way.

So then when it came to demo day, the preparation for demo day for when you go pitch the investors, I barely worked on my pitch.