A startup's ascent often consists of alternating rises and flat spots. This puzzled me when I first saw it at Viaweb. But it turns out just to be wha… - Paul Graham

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A startup's ascent often consists of alternating rises and flat spots. This puzzled me when I first saw it at Viaweb. But it turns out just to be what happens when you add a function representing "random ups and downs" to one that's consistently increasing.

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About Paul Graham

Paul Graham (born 1964) is an English computer scientist, essayist, entrepreneur, venture capitalist, and author. He is best known for his work on the programming language Lisp, his former startup Viaweb (later renamed Yahoo! Store), cofounding the influential startup accelerator and seed capital firm Y Combinator, his essays, and Hacker News.

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Additional quotes by Paul Graham

Someone asked how to expand startups' ideas. The best way is to shrink the idea down to its essence, then ask how broadly that essential idea could be expanded. You have to shrink it first, though, or there will be random stuff left in it that impedes its expansion.

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