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Yeah. Entrepreneurs need to know that the average response they get in the stage seed is all about social proof. When you look like a struggling guy saying some
by cookiecaper 10y ago
Yeah. Entrepreneurs need to know that the average response they get in the stage seed is all about social proof. When you look like a struggling guy saying something crazy, the public is going to treat you that way. You're going to get that all the way up until you look like a rich guy, and then they'll be begging to know what you did to get there and trying to copy it.
This means that public response to the bare idea is never a good barometer, and you have to look to other things for data about whether it's going to be successful enough. This requires rigorous study and brutally honest introspection.
Don't get bent out of shape if people don't understand or respect what you're doing, but don't assume you're invincible or automatically right. Some wanna-be entrepreneurs waste their entire adult lives starting failing business after failing business, assuming that starting a business is the key to success, and that any idea they have is intrinsically valuable. Don't do this.