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The biggest causes I've seen of early startup failures are founders giving up as soon as the going gets tough, and fights between co-founders. Therefore, I thin
by jl 17y ago
The biggest causes I've seen of early startup failures are founders giving up as soon as the going gets tough, and fights between co-founders. Therefore, I think determination is the most important quality in founders and there must be a trusting relationship between them.
Founders also need to be basically level-headed. They need to think big enough to have crazy ideas but not to be themselves deluded about how hard it will be to pull them off.
I'm collecting interviews now for another edition of Founders at Work!
- hwijaya 17y agoGiving upon on the idea or entrepreneurship? I am curious to learn on when should pivot and when to stick with an idea. Thx!
- shin_lao 17y agoKnowing that is what will make you successful in life and it obviously cannot be summed up in few words. You get it or you don't. That's the way I see it.
- cschep 17y agoand you learn it better each time you make that decision, stick with it, and it's right or wrong. Adjust accordingly next time.
- staunch 17y agoI think Plato's four cardinal virtues play a big role for many people. http://en.wikipedia.org/wiki/Plato%27s_four_cardinal_virtues http://en.wikipedia.org/wiki/Plato%27s_four_cardinal_virtues
- aantix 17y agoKathlyn Hendricks, a relationship expert (_Conscious Loving_ is a fascinating book for the engineering mind dealing with relationships), offers this advice for when to leave a personal relationship (point 2 of the audio). Maybe it's applicable when pursuing ideas as well? http://www.hendricks.com/QA2 http://www.hendricks.com/QA2 "Have you worked on the relationship so long that the amount of pain you feel overshadows the possibilities? Time to leave."