In a recent post I shared how Y-Combinator founder, Paul Graham, offers an answer to the question “Why Smart People have Bad Ideas“.
Back in 2005, programmer, writer and investor Paul Graham teamed up with some friends to conduct an experiment.
They decided to give seed funding to a bunch of new startups during the summer so that college student could participate.
Their objective was to find the lower boundary of who could successfully run a startup.
After sifting through 227 applications they uncovered an interesting insight.