This afternoon I reread a quote from Christopher Hitchens which for a long time has been my go-to response when talking about the value of religion: Good people do good things and evil people do evil things. To get good people to do evil things, you need religion. Although this quote originates from Steven Weinberg, Hitchens makes it his own with his trademark wit and humour. With this thought fresh in my mind, I stumbled across about a startup which managed to raise $120m in funding to bring a luxury juicer to market. Unfortunately for the startup (and their investors) it turns out that the juice-packs they are selling can be squeezed by hand and don’t need the juicer at all, destroying their business model. a discussion on Hacker News Now I don’t know whether that startup could have brought a product to market without $120m from investors — but I’m pretty sure that if it was their own money on the line, someone in the team would have double-checked to make sure the super-expensive juicer was really necessary to squeeze their proprietary juice-packs spending their collective life savings on it. before Thus, I’d like to propose what I’m calling : Hitchen’s First Law of Startups Good founders execute well. Bad founders execute poorly. To get good founders to execute poorly, you need Investors. To all early stage founders out there, consider this a (tongue-firmly-in-cheek) warning about the dangers of raising money at the wrong time. is how hackers start their afternoons. We’re a part of the family. We are now and happy to opportunities. Hacker Noon @AMI accepting submissions discuss advertising & sponsorship To learn more, , , or simply, read our about page like/message us on Facebook tweet/DM @HackerNoon. If you enjoyed this story, we recommend reading our and . Until next time, don’t take the realities of the world for granted! latest tech stories trending tech stories

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Hitchen’s First Law of Startups

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Louis Nicholls

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Hitchen’s First Law of Startups

Too Long; Didn't Read

Companies Mentioned

Louis Nicholls

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

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