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Paul Graham

Entrepreneur interview

22 Feb, 2011

Graham tells the magazine that startup ideas are often bad, and investing in them is investing in people. He says knowing the business and being concise also help. The most important quality Y Combinator looks for:

If you imagine someone with 100 percent determination and 100 percent intelligence, you can discard a lot of intelligence before they stop succeeding. But if you start discarding determination, you very quickly get an ineffectual and perpetual grad student.