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Paul Graham@paulg
Founders are often puzzled when investors reject them for what seem like stupid reasons. There are two possible explanations: (a) the investors actually are stupid, or (b) they just dislike you, and are making up the reason. And that or is not a xor.
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---
tweet_id: "2111056376763961665"
author: "paulg"
published_at: "2026-10-16T11:27:16+00:00"
source_url: "https://x.com/paulg/status/2111056376763961665"
---

Founders are often puzzled when investors reject them for what seem like stupid reasons. There are two possible explanations: (a) the investors actually are stupid, or (b) they just dislike you, and are making up the reason. And that or is not a xor.