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Likewise, before starting Apple Pay, Apple built relationships with the major credit card networks and merchant services providers. Apple realized that Apple Pay would only take off if Apple made it easy for consumers and banks to participate with the debit cards that were already in circulation. OpenTable, for example, pivoted quickly when it realized it would be easier for restaurants to pay a small installation fee, followed by a monthly rental fee. It was really hard!
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husiness Demo day with YC is insane—there are hundreds of investors on the floor. It felt like this goos speed dating event where you ask people for money. I was super uncomfortable. After demo day, I was determined to land additional investment to grow Dating Ring, so I'd go on up to seven meetings per day with angel investors and VCs. Some of them were awesome. After 15 minutes, one investor offered us money because he believed in our vision right off the bat.
But other investors would ask me out on dates or openly ask when men would be brought into the company. I had no idea the sexism in Silicon Valley was so bad. What advice can you offer other female founders to get through it? Talk to other founders that you trust and only take meetings with VCs who have a track record of respecting women. What types Is matchmaking a good business challenges are you facing? I struggle to figure out what my next priority is. We're in high growth mode, which makes it hard to know what to work on. When we were in YC, we knew what to do every day. Now every day is different, and it is up to us to improve the product. There's a vast ocean of things to work on.
What about your personal life? Do you find time for yourself despite the madness of an early-stage startup? I have a boyfriend who's fantastic, and we live together. I believe that, as a CEO, you cannot do a good job if you're working all the time. No one can spend 14 hours a day coming up with new ideas. I find that downtime helps with my productivity. If you're in a happy, great place, you can get more done in fewer hours. That's where I am right now.