Pseudorandom generators transform in polynomial time a short random “seed” into a long “pseudorandom” string. This string cannot be random in the classical sense of [6], but testing that requires an unrealistic amount of time (say, exhaustive search for the seed). Such pseudorandom generators were first discovered in [2] assuming that the function (a^{x} modb) is one-way, i.e., easy to compute, but hard to invert on a noticeable fraction of instances. In [12] this assumption was generalized to the existence of any one-way permutation. The permutation requirement is sufficient but still very strong. It is unlikely to be proven necessary, unless something crucial, like P=NP, is discovered. Below, among other observations, a weaker assumption about one-way functions is proposed, which is not only sufficient, but also necessary for the existence of pseudorandom generators.