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The Stanford Startup and the MIT Startup

Message from a Jedi to a Young Padawan When I graduated and was considering pursuing startups, an alum from my fraternity gave me some advice. He was a successful entrepreneur and sent me a message about pursuing technology-oriented startups. He presented a maxim about an MIT company and a Stanford company building products for the same market. The Stanford company gets a product out quickly, they make money, iterate and then raise money. They use network effects to lock-in customers or viral gr...

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