What is the importance of experience in investing in startups?
— Experience is necessary to become an expert in investing in startups, as it is more of an art than a science.
Who is Paul Buchheit and what are his achievements?
— Paul Buchheit is a YC partner who invented Gmail and sold his company FriendFeed to Facebook.
How important is luck in the success of a startup?
— Luck plays a crucial role in the success of a startup, as demonstrated by the speaker's experience of joining Google due to their product and work with Linux.
What is the key factor for success in startups?
— Attracting the best people and making something people want are the key factors for success in startups.
How should investors determine a founder's determination?
— Investors can determine a founder's determination by asking about their past failures and persistence in handling challenges and taking risks.
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