Shorter cut from a longer presentation at Y Combinator by Parker Conrad (Rippling), Ron Conway (SV Angel) and Marc Andreessen (A16Z).
“What he means here is that you need to make it obvious that you can build a business that’s going to be a gigantic success—either via your past accomplishments (e.g. a successful exit) or bootstrapping your current business to impressive milestones.”
The full video: